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.
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