As it is said that the penalty amount for late filing for TDS return should not exceed the tds payable amount, what will be the consequences if the lately filed return is a NIL return. Will there be any penalty liability?
As it is said that the penalty amount for late filing for TDS return should not exceed the tds payable amount, what will be the consequences if the lately filed return is a NIL return. Will there be any penalty liability?
Karan Arora
(Manager)
(55 Points)
Replied 01 June 2016
CAclubindia
