Filing of nil tds return
This query is : Resolved
29 September 2011
Hi !!!
When thare is no TDS for particular in that case, it is compulsory to file NIL TDS return ?
When thare is no TDS for particular in that case, it is compulsory to file NIL TDS return ?
29 September 2011
Filing of NIL TDS return is not mandatory except in case of last quarter for Form 24Q.
For late filing of TDS return Sec. 272A(2) prescribes a penalty of Rs. 100/- for every day of default. However the penalty cannot exceed the tds amount. Hence, NIL TDS returns can be filed later also without any penalty.
For late filing of TDS return Sec. 272A(2) prescribes a penalty of Rs. 100/- for every day of default. However the penalty cannot exceed the tds amount. Hence, NIL TDS returns can be filed later also without any penalty.
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29 September 2011
ok ... thanks a lot
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