tax deduction at source

This query is : Resolved

SHIVAJI (Querist)
Follow

09 January 2014 Gud evening

as we are aware that no nil returns have to be filed in TDS from which date it is in effect. moreover if a employer deducts tds only in 3rd and 4th quarter with relevant quarterly incomes , how to issue form 16, how to show complete income ( income on which TDS has not been deducted). Please clarify

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

09 January 2014 Dear sachin
.
.
yes it is true that nil tds return is not required to filed and no penalty
.
.
but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
.
.
however if you have deductee details and nil challan amounts which can be flagged as A,B,T,Z, transactions
.
.*****************************
in your case you will have deductee pan details(employees pan) but nil challan so you mandatorily required to file tds return in my opinion(with deductee pan details and nil challan)--so that you will get form 16 for full salary paid
..
we mandatorily required to file our tds return otherwise...penalty under section 271H can be levied on you
.
.
you may refer below link to know detailed
.
.
nil tds return not mandatory-but there are exceptions
.
https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M

Message likes : 2 times