Is tds return is mandatroy for non filing of nil tds return
This query is : Resolved
30 April 2013
since, there is no liability for deduction of tds in case of transportation if they furnish pan no.
is tds return is mandatory by deductor in above case?
if yes what will be penelty for non filing of tds return in above case?
is tds return is mandatory by deductor in above case?
if yes what will be penelty for non filing of tds return in above case?
30 April 2013
If you have filed the TDS return in earlier quarters, it is advisable to file Nil returns.
Else in future when you deduct TDS for any other purpose and file the TDS return, there will be a gap between last return filed and current return and you can expect a letter for ITO ask for explanation.
Else in future when you deduct TDS for any other purpose and file the TDS return, there will be a gap between last return filed and current return and you can expect a letter for ITO ask for explanation.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Opting our of sec 44AD
- Multiple trade mark
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- Copyright software
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding TDS Applicability For Director Remuneration
- Value of property in capital gain
- Regarding appeal to GSTAT
- Form 121 & TDS deduction
- Taxation on Swing Trading Income (No Other Income)
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
