annual / quarterly tds return for f.y. 2007-08 & 2008-09

Dear Yoginder

As you quote a nice interpreation of law . but RESPOSIBILTY for deduction of tax is something different from ACTUAL deduction of tax. For example -: As per 194I , you are paying rent your are responsible to adhere with the section 194I , but rent is less than 120000 P.A. so you can't deduct the TDS due to under limit and in that case you doesn't show this transaction in qtryly return too.  But from F.Y. 2009-10 this section is tremendously changed as every person who has TAN no. have to fie return even no TDS has been deducted............. And for 2007-2008 & 2008-2009 its optional..............

One thing i would like to clear you it was optinal before 31st March 2009 , that's why central government made mandatory file return even if no TDS has been deducted.........

If any doubt please let me know............

Dear Soarbh,

U mean to say that we have to show all transaction in tds return whether we have deducted TDS or not.

pls explain in detail.

Thanks

Praveen

NO my dear frnd .............it doesn't mean to say like that ..........

The main point is that this amendment cover all the small deductor not to cover all the transaction . Because main point is that small enterprise doesn't deduct TDS & not file TDS return so that's why to cover then all this amendment ...............So summary is that if any person doesn't deduct TDS in any month then he has to file return as "NIL"