Nil tds return 24q

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 May 2014 is there any requirement to file NIL tds return 24Q for 4th qtr 2013-14.
if yes what is the penalty for late filing.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 May 2014 if there has been any tds deduction against salary payments in first three quarters, you will have to file 24Q in 4th quarter so that you can generate form 16.

though there wont be any late filing fees, but if dont issue Form 16 in time, penalty for late issue of Form 16 can be levied..

Rupesh Jain

Rupesh Jain (Expert)
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20 May 2014 if you have not deposited any tds then TDS return not generated by the mostly softwares.
if software generated the return pls deposit the same.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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20 May 2014 dear Rupesh, For 24Q for quarter 4, nil return is generated by every software.

Querist : Anonymous

Querist : Anonymous (Querist)

20 May 2014 Ok, thanks to all.
Return to be filed.

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