Urgent query on tds return

This query is : Resolved

Rakesh Sharma (Querist)
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10 February 2016 Respected Experts,

Please advise me the following :-
There are 3 employees in our Company having salary 23000/- per month & they have deduction 80-C about
40000/- to 60000/- each. Now their net taxable salaries are below taxable limit & hence no tax has been deducted at source.

Keeping in mind, GTI is above taxable limit, should we file TDS Return for 4th Qtr. only or for all quarters or no need to file TDS Return.

Please advise me, I am really in confusion.

Please Sir, its very urgent.

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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10 February 2016 No TDS to be deducted , you can file NIL return for all the quarter by online login in Traces-Statements/payments>declaration for non filing TDS.>select appropriate Financial year, Quarter & Form Type and choose appropriate Reason and submit

Rakesh Sharma

Rakesh Sharma (Querist)
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12 February 2016 Sir, is it mandatory to file the above return?

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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12 February 2016 YES , YOU HAVE TO FILE NIL RETURN AS YOU ARE HOLDING TAN NUMBER

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