Tds return
This query is : Resolved
C.A. HIREN
(Querist)
03 May 2012
Hello frnds,
I hv pvt. ltd. company and company has obtained TAN number. but co. has not deduct any tds amount as he is not laible for that and hence com. is not filling return of tds.
I want to know whether is there any requirement to file tds return compulsary evr nil return ya not.?
and if yes then tell me wht is penalty for late filling of return..??
thanks in advance
I hv pvt. ltd. company and company has obtained TAN number. but co. has not deduct any tds amount as he is not laible for that and hence com. is not filling return of tds.
I want to know whether is there any requirement to file tds return compulsary evr nil return ya not.?
and if yes then tell me wht is penalty for late filling of return..??
thanks in advance
Murtaza I Bhagat
(Expert)
03 May 2012
if your company has not deducted any tds then its not mandatory to file tds return
Amol S Joglekar
(Expert)
03 May 2012
No need to file NIL TDS return. In some cases TDS officer (ITOs) have started sending notices as to why the return is not filed..... Here you have to be cautious, as you need to explain the TDS officer that how TDS was in applicable.
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