Late tds return filling

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i m running a proprietorship business in which i am paying transport charges regularly from acc year 2009-2010.As far as tds on transport charges is concern i am not deducting any tds on transport charges because all the transporters have furnished me their pan number in the year 2009-2010 or subsequently.

since i am not deducting tds so i have not filled any tds return regarding transport charges from acc year 2009-2010 to date.

someone told me that it is necessary to file nil tds return regularly.

please guide me in this regard and also told me that is it possible to file tds return regarding transport charges of all the previous year and how?

Replies (1)

Dear Manoj,

If you want to pay the TDS for the previous years, you need to pay the interest and penalty for the same which is very huge.

The Income Tax Department may ask the reason for late filing of e TDS return.

You can file the e tds return for last 7 to 8 years.

Better you avoid the same payment for the previous years and pay regularly from this year.

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