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PURUSOTTAM PANDA (Accounts Executive)     20 April 2021

Declaration for non-filing of TDS Return

Respected Sir / Madam,

There are only two employees drawing INR 3,60,000.00 p.a. during FY 2020-21 (all others are drawing less than INR 2,50,000 p.a.) in our organization. As per law, we haven't deducted Income Tax from their salary.

We are filing Form No.26Q for other payments. In this regard, I like to know:

1. Do we need to file Nil Return in Form No.24Q?

2. If Yes, how can we do so without a TDS deposit challan.

3. If No, is it required to file a declaration for non-filing of TDS Return for Form No.24Q? If so, which reason would be appropriate for us:

(a) Not liable to deduct tax for the selected statement period;

(b) Payment below threshold to deductee.

I shall be obliged for your kind guidance in this regard.



 3 Replies

CMA Poornima Madhava

CMA Poornima Madhava (ACMA)     20 April 2021

There is no need to file nil return in case of form 24Q if there is no liability to deduct tax at source. You may just file 26Q.
PURUSOTTAM PANDA

PURUSOTTAM PANDA (Accounts Executive)     20 April 2021

Thanks mam for your quick reply. Please suggest about Point No.3 of the query.

CMA Poornima Madhava

CMA Poornima Madhava (ACMA)     20 April 2021

As I understand no such declaration is required to be filed.


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