Nil tds return
This query is : Resolved
04 April 2012
Whether to file NIL TDS Return is compulsory?
Before the 2012 budget, the penalty was maximum up to TDS amount and in this case will be NIL.
But after the insertion of new section 271 H w.e.f 01.07.2012, the penalty will be Rs. 10000 to 2 lacs, if return has not been filed within the period of 1 year from the specified date.
is there any clarification for NIL TDS Return. is it compulsory?
Before the 2012 budget, the penalty was maximum up to TDS amount and in this case will be NIL.
But after the insertion of new section 271 H w.e.f 01.07.2012, the penalty will be Rs. 10000 to 2 lacs, if return has not been filed within the period of 1 year from the specified date.
is there any clarification for NIL TDS Return. is it compulsory?
06 April 2012
Yes,
TDS return is complusory even if it is NIL return, the penalty is Rs.100 per day till submission of return.
TDS return is complusory even if it is NIL return, the penalty is Rs.100 per day till submission of return.
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