Nill tds return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2012
Dear sir,
please give me solution for nil tds return not filed,if we are not nil tds return file so what the penalty.
please give me solution for nil tds return not filed,if we are not nil tds return file so what the penalty.
15 May 2012
There is no penalty for non-filing of nil TDS return.
Mihir Doshi
(Expert)
15 May 2012
Dear,
You need to file TDS return in following case also
1. Payment to transporter
2. Non deduction/lower deduction of tax on production of NIL certificate
Be careful, if any such transactions are there you need to file NIL TDS return also otherwise penalty will be levied by IT
You need to file TDS return in following case also
1. Payment to transporter
2. Non deduction/lower deduction of tax on production of NIL certificate
Be careful, if any such transactions are there you need to file NIL TDS return also otherwise penalty will be levied by IT
CA CS Amit S. Kedia
(Expert)
15 May 2012
Dear User,
,
Prima facie there will be no penalty for Nil return but you will have to file the return as soon as possible to avoid any problems which may occur.
From this budget, Interst is being charged for delay furnishing of return. So be careful to file the return on time.
,
Prima facie there will be no penalty for Nil return but you will have to file the return as soon as possible to avoid any problems which may occur.
From this budget, Interst is being charged for delay furnishing of return. So be careful to file the return on time.
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