18 August 2012
One of my cleint has not filled the NIL TDS Returns since he was not liable to deduct the TDS during the F.Y 2011-12. He has filled the TDS return F.Y.2010-11 as he deducted the TDS during the year 2010-11 as he was covered under the Tax Audit during the F.Y 2009-10. Now my cleint has received the notice from TDS department for non filling the TDS return & Penalty for Rs.100/- per day for the F.Y. 2011-12 please let me know whether filling of NIL return is necessary & whether online NIL TDS return will accepted or not in absence of paid challan.
18 August 2012
The income tax department is of the view that NIL TDS return be filed. You need to convince the concerned TDS officer that for want of NIL details you have not filed it. Please take the help of ASSOCIATION (ITP, CA etc)if needed