Tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 July 2012 Dear expert,
Form 26Q of quarterly TDS return has been duly submitted for all four quarters of FY 2011-12.
Now I want to know that, besides these returns whether the assessee is reqired to file a annual TDS return for the whole of FY 2011-12 or not.
Please advise me.
Thanks in advance.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 July 2012 Only quarterly TDS return needs to be filed. Annual return not required. Annual Return is for Govt. Office. Section 206 deals with it.

Querist : Anonymous

Querist : Anonymous (Querist)

06 July 2012 actually we are a state govt. deductor.

Querist : Anonymous

Querist : Anonymous (Querist)

06 July 2012 And we dont fint RPU or FVU on TIN website to prepare annual tds return for FY 2011-12.
Please advise me urgent.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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06 July 2012 In case quarterly returns have been filed by any state govt. office, it is a praiseworthy
task accomplished by the officer-in -charge.
Now, no need to file annual returns.
.
However, you have to get printed the certificates from the NSDL site.
.
You may visit tin.nsdl.com
.

Message likes : 1 times

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 July 2012 Paras Sir one more query...

Govt Office is required to file Annual TDS return in form 24 - Annual return of “Salaries” under Section 206 of Income Tax Act, 1961

And

In form 26 - Annual return of deduction of tax under section 206 of Income Tax Act, 1961 in respect of all payments other than “Salaries”

So what can happen (I doubt any thing bad as department concerned is govt.) ??

Further i would also like to know the form (24 or 24Q, 26 or 26Q) in which the return was filed. My guess is 24Q and 26Q,

A.M.Adhavan

A.M.Adhavan (Expert)
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06 July 2012 From The FY 05-06 onwards only quarterly returns are in existence. In case of form 24q during the last quarter should be filed along with annexure II which ll be consisting all the details of salary paid and investment and tds of all the deductees

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 July 2012
@ Sanjay Bhai,
As the expert A.M.Adhavan has pointed out,
Only quarterly returns of TDS are to be filed.
.
24Q is applicable for TDS on Salary, and 26Q is applicable for TDS on "Other than Salary"
.
The above statements are to be electronically filed by the TIN center. We are giving them the data generated for E-tds (FVU files) along with Form No 27A.
.
Form No 27A is duly verified by the deductor.
.
The Tin Center Uploads our data at NSDL site.
.

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Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2012 Thanks a lot Bafna sir.

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