Tds returns
This query is : Resolved
25 May 2014
Dear Sir,
Now that the Traces website provide for mentioning the reason for non filing of TDS Return, is it mandatory to fill up the details before the due date?
Also after filling in details that no TDS return is necessary as there is no TDS and later realised that there should have been TDS which is deducted afterwards, is it permissible?
Now that the Traces website provide for mentioning the reason for non filing of TDS Return, is it mandatory to fill up the details before the due date?
Also after filling in details that no TDS return is necessary as there is no TDS and later realised that there should have been TDS which is deducted afterwards, is it permissible?
25 May 2014
well it would be advisable to report before or on the due date. however, as on today no penalties for delayed intimation has been provided given that 234E fees itself remains nil if the tax liability for the corresponding quarter was Zero.
with regards to the second question, well filing of return will always be permitted. 234E will automatically should apply in such cases though.
with regards to the second question, well filing of return will always be permitted. 234E will automatically should apply in such cases though.
26 May 2014
it is not necessary to intimate for filing of TDS return.
if you deducted the tds and file the return after due date then you have to pay penalty @ 200 per day u/s 234E
if you deducted the tds and file the return after due date then you have to pay penalty @ 200 per day u/s 234E
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