Please advise me the following :- There are 3 employees in our Company having salary 23000/- per month & they have deduction 80-C about 40000/- to 60000/- each. Now their net taxable salaries are below taxable limit & hence no tax has been deducted at source.
Keeping in mind, GTI is above taxable limit, should we file TDS Return for 4th Qtr. only or for all quarters or no need to file TDS Return.
10 February 2016
No TDS to be deducted , you can file NIL return for all the quarter by online login in Traces-Statements/payments>declaration for non filing TDS.>select appropriate Financial year, Quarter & Form Type and choose appropriate Reason and submit
CAclubindia
