Nil tds return
This query is : Resolved
08 February 2014
Dear experts,
I want to file Nil TDS return for the first two quarters of F. Y 2013-14. Will any late filing fee u/s 234E be attracted towards it?
08 February 2014
you can file nil-tds return only in the following cases:
A :Lower / No deduction for certificate u/s. 197
B :No deduction for declaration u/s. 197A
C :Higher deduction where PAN is not available
T :No deduction for Transporters having PAN (sec. 194C(6) )
X :Lower TCS for certificate u/s. 206C(9)
Y :No deduction due to payment below threshold limit.
if above reasons dont apply, nil-tds return cannot be filed.
Given that 234E fee cannot exceed tax deductible, there wont be any penalty anyways...
A :Lower / No deduction for certificate u/s. 197
B :No deduction for declaration u/s. 197A
C :Higher deduction where PAN is not available
T :No deduction for Transporters having PAN (sec. 194C(6) )
X :Lower TCS for certificate u/s. 206C(9)
Y :No deduction due to payment below threshold limit.
if above reasons dont apply, nil-tds return cannot be filed.
Given that 234E fee cannot exceed tax deductible, there wont be any penalty anyways...
03 March 2014
Thanks a lot Nikhil Sir...
03 March 2014
you are welcome Yash
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