Tds returns

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PRAMOD KUMAR (Querist)
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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?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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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.

Rupesh Jain

Rupesh Jain (Expert)
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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

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