TDS NIL return file

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2011 Hi ,I want to know that it is compulsory to file a NIL TDS return in case of company,Firm or for individual.if yes,Then 27Q is also compulsory to file a NIL return? 2nd if i am late to file TDS return (include NIl & TDS paided) of quarter 1st,2nd or 3rd. is there is chance to any penalty or interest or notices? Please ask me.

Thanks in Advance

ALPESH BHANUSHALI

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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11 February 2011 No filing Nil TDS return is not compulsory.
Only exception is 24Q last quarter. Even if no TDS deducted on salary you have to file NIL TDS return with salary structure for last quarter.

See below link---

http://www.tin-nsdl.com/Form24QQ4.asp

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