Tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2016 A proprietorship firm has paid commission on sale to an individual Rs.13,00,000/- in the month of March-16, and deducted 10% TDS. Apart from this there is no TDS deducted from any payment. like , salary, audit fee, professional fee or rent. We have not filed TDS return for last three quarters as there was no tds deducted. We will file only last quarter (Jan-Mar-16) TDS. Do we have to filel last three quarters return also (apr-jun, jul-sep and oct-dec). even though the amount deducted is nil. What will be the penalty or interest for non filing of nil return

A.Senthil Subramanian

A.Senthil Subramanian (Expert)
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13 April 2016 As per present ETDS rules we cannot file NIL ETDS returns. So you may file for Q4 only. But for NIL TDS, you may simply put reasons under "Declarations for non-filing of Statements " in your TRACES Login.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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13 April 2016 System had closed for filing NIL TDS Return. you can do for NIL return as said by A.Senthil sir and file your tds return for 4th Quarter.

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