TAN

This query is : Resolved

CMA. CS. Sanjay Gupta (Querist)
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30 March 2010 DEAR ALL,
MU QUERY IS, IF AN INDIVIDUAL NOT FALLING U/S 44AB APPLIED FOR A TAN AND DEDUCTED TDS AND FILED RETURN. NOW IS IT MANDATORY FOR THAT INDIVIDUAL TO KEEP DEDUCTING TDS AND FILE TDS RETURNS AS HE HAS AN ACTIVE TAN.

THANKS.

CA Shiv

CA Shiv (Expert)
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30 March 2010 If he dont want to do it in future, than its better to go and surrender TAN.. Or else if he doesnt file TDS return, than notice will surely come and may have to pay penalty. Just go and surrender TAN.

Rahul Gupta

Rahul Gupta (Expert)
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30 March 2010 If the individual is not liable to deduct TDS, then no requirement to deduct TDS and deposit it just to remain TAN active. TDS will be dedcuted only if there is liabity on the deducter to deduct TDS.
As rightly said by Mr. Shivang, if you don't require to Deduct TDS in future, its better to go and Surrender....

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Querist)
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30 March 2010 THANKS.

IF I DONT DEDUCT TDS OR DONT MAKE ANY PAYMENT ON WHICH TDS IS TO BE DEDUCTED. IS IT NECESSARY TO FILE NIL TDS RETURN?

Rahul Gupta

Rahul Gupta (Expert)
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30 March 2010 There is no requirement to file Nil TDS Return.
However, It is better to file a return in order to avoid receiveing notices from NSDL for not filling of return and replying them that since no TDS is deducted, so there is no requirement of filling TDS Return.

Check the following link, it is very well explained by one of our experts.

https://www.caclubindia.com/experts/tds-return-104956.asp

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