19 November 2012
Can Anybody tell me that whether NIL TDS return is Mandatory to Fill or Not? If Yes,if an Assessee Dose not file NIL TDS return than what will be Penalty? And If NO, Then Please Provide me the No. of Section of Relevant Act where it has been stated....
19 November 2012
A penalty ranging from Rs. 10000 to Rs. 100000 may be levied for not furnishing TDS statement within the prescribed time. However,no penalty shall be levied for delay in furnishing of TDS statement if the TDS statement is furnished within one year of the prescribed due date after payment of tax deducted along with applicable interest and fee.
21 November 2012
Sorry Sir but I m not completely satisfied yet... can you tell me the Section No. In which it has been prescribed that NIL TDS return have to be filled.
CAclubindia
