Tds
This query is : Resolved
23 June 2012
Hello,
please suggest me - I have pvt ltd. company,
its necessary TDS return to be filed if we not deducted any TDS (mean we have not liability for deducted tds )
please suggest me - I have pvt ltd. company,
its necessary TDS return to be filed if we not deducted any TDS (mean we have not liability for deducted tds )
23 June 2012
When liability is there for deduct TDS need to deduct, otherwise penalty will be attract.
if no tds liability - deduction not required
if no tds liability - deduction not required
23 June 2012
I think question is regarding Nil TDS return. If no TDS is deducted but there were transactions on which TDS was not deducted for either of the following reasons then TDS Nil Return needs to be filed-
1) As its on transporter and PAN was provided.
2) Threshold limit not crossed.
3) Due to certificate u/s 197
In these cases the details of above are required to be given even if TDS is not deducted and therefore a NIl return is required to be filed.
1) As its on transporter and PAN was provided.
2) Threshold limit not crossed.
3) Due to certificate u/s 197
In these cases the details of above are required to be given even if TDS is not deducted and therefore a NIl return is required to be filed.
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