CA. MOBIN SAYYED
(Sr. Team Leader)
(114 Points)
Replied 14 December 2009
if the assessee deducts tax only then he is liable to file tds return in form 26Q or 24Q as the case may be. penalty should be paid only if the department demands otherwise not since that penalty is not a deductible expenditure
Naveen Chand Khulve
(CA)
(1521 Points)
Replied 14 December 2009
| Originally posted by :shashin | ||
| " | Is it compulsory for an assessee to file TDS Return when he is not liable to deduct tax during any year/quarter ? How much penalty is their if he doesn't file tds return in time ? |
" |
There is no need for filing nil return of TDS.
CAclubindia
