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TDS return

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(Querist)
09 June 2009 Dear All,

1.Please advice me if there is no TDS transaction of a company in one quarter.will company be liable to make return.please explain in detail
2.can a company deduct TDS on less then 20,000Rs


answer will be highly appriaciated
thanks
shabbir
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Ratan Sharma

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Ratan Sharma (Expert)
09 June 2009 1. If you have not deducted the TDS then there is no requirement for filing TDS return of that particular quarter. However under the new amendments w.e.f 1.7.2009 you will have to file the NIL TDS returns also.
2. TDS is deductible even if amount paid is less than 20,000/- in interest other than interest on securities, Brokerage, Commission etc.
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CA. Gurdeep Singh Chawla

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CA. Gurdeep Singh Chawla (Expert)
09 June 2009 Agreed with Ratan ji
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
09 June 2009 TDS return are to be filed even if there is no transaction.
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