I am holding a TAN and I did not file my e-Tds returns as there were no payments liablle for deduction of tax. The IT department served a notice to me for filing the e-TDs statements for a quarter and in response to that notice I filed return for one quarter. Now the ITO has imposed a fine of Rs.100 per day for 87 days on me for late filing of e-TDS statements. How far is his stand justified?
2 Replies
PMA Nooruddin
(M.Com, Finance Manager)
(422 Points)
Replied 18 May 2013
Gee, I too have TAN on my Name (Individuals), Seems your Query applies to me as well.
I guess we have to file at least nil returns to avoid Penalties and also think you are unluck person to get this Notice coz seen so many Cos with Tans where they havent filed returns as they did nt have payments..
and i think if the Penalties continure one can Surrnder thier TANs..............
CA Saurav Gupta
(CA Practice )
(32 Points)
Replied 18 May 2013
there is no need to file nil tds return except in case 4th quarter 24Q.
Although, IT dept can send you the notice for non-filing. contact AO and tell him your case and request him for droping penalty.
Recent Topics
- Capital account entry in tally
- TDS Applicability on Commercial Photography &
- CSR via Trusts and Form 10BE – Legality of 8
- NRO Conversion vs Closing Account and Gifting to M
- Exchange gain loss
- Donation to Prime Minister Relief Fund
- Depreciation rate software
- New GST Registration - Co Working and Virtual Pl
- Query regarding place of business in GST registrat
- GST on Plot Sale
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
