Non filing of nil tds returns
This query is : Resolved
31 October 2013
Is there is any Penalty for not filing of NIL TDS Return FY-2013-14?
31 October 2013
From 2nd quarter 2013-14 onwards, there is no need to file NIL TDS Returns. Need to be mentioned that the department itself is not accepting the NIL TDS Returns now.
31 October 2013
There is no need to file tds return if its nil. no penalty for same.
31 October 2013
Thanks for your information.
31 October 2013
Dear sachin
.
.
yes it is true that nil tds return is not required to filed and no penalty
.
.
but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
.
.
however if you have deductee details and nil challan amounts which can be flagged as A,B,T,Z, transactions
..
we mandatorily required to file our tds return otherwise...penalty under section 271H can be levied on you
.
.
you may refer below link to know detailed
.
.
nil tds return not mandatory-but there are exceptions
.
https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M
.
.
yes it is true that nil tds return is not required to filed and no penalty
.
.
but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
.
.
however if you have deductee details and nil challan amounts which can be flagged as A,B,T,Z, transactions
..
we mandatorily required to file our tds return otherwise...penalty under section 271H can be levied on you
.
.
you may refer below link to know detailed
.
.
nil tds return not mandatory-but there are exceptions
.
https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M
31 October 2013
Thanks for brief details
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Plot of land. Cost of Acquisition
- Taxation on LTCG for property sold after 24JUL2024
- REGARDING GST LIABILITY/....
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
