Tax Audit & TDS Return
This query is : Resolved
Anwar Shaikh
(Querist)
22 April 2009
Hi
If an assessee has tax audit u/s 44AB. is he is liable to file compulsory TDS return for each qtr. Even if no transaction are there, is he is liable to file NIL return.
Can u give me any circular, notification in this regards.
Anwar Shaikh
If an assessee has tax audit u/s 44AB. is he is liable to file compulsory TDS return for each qtr. Even if no transaction are there, is he is liable to file NIL return.
Can u give me any circular, notification in this regards.
Anwar Shaikh
Brij Bhushan Sangal
(Expert)
22 April 2009
no, not any such rule exist
22 April 2009
No such rule
taxindiaconnect
(Expert)
01 May 2009
As per section 200 (3) of IT Act Any person deducting any sum on or after the 1st day of April, 2005 in accordance with the provisions of Chapter XVII u/s section 192 shall, after paying the tax deducted to the credit of the Central Government within the prescribed time, prepare quarterly statements. and deliver or cause to be delivered to the prescribed income-tax authority or the person authorised.
Thus the obligation of preparing the TDS return starts only if the assessee has deducted any tax under any section of the chapter XVII of IT act and paid the said amount to the Govt. This means that unless there is deduction of tax at source and the payment thereof, no TDS return / quarterly statement is required to be submitted. Kitty. Thus a company liable to be audited u/s 44AB, not having deducted any tax during the period is not required to file the return.
Thus the obligation of preparing the TDS return starts only if the assessee has deducted any tax under any section of the chapter XVII of IT act and paid the said amount to the Govt. This means that unless there is deduction of tax at source and the payment thereof, no TDS return / quarterly statement is required to be submitted. Kitty. Thus a company liable to be audited u/s 44AB, not having deducted any tax during the period is not required to file the return.
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
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
