Raman (HR) (49 Points)
27 July 2015Hello,
I deduct TDS on salary of one of my employee but there was no TDS in Fourth Quarter and I didn't file the TDS return for the same. Now I get to know that it is mandatary to file the last quarter TDS return(Form 24Q Annexure II) even if I didn't deduct any TDS in fourth quarter in order to get the certificate for empleyee.
Please suggest me what to do now to get the TDS certificate. Thanks in advance.
Raman.
Rajagopalakrishnan R
(PARTNER)
(1417 Points)
Replied 27 July 2015
Yes 24Q4 is mandatory for getting Form 16 part A from traces site. If no tax decuctions are there in 24Q 4 you can file a Q4 return even now. Fill in Annexure II only and file the same. Challan entries and Annexure I can be blank
Raman
(HR)
(49 Points)
Replied 27 July 2015
Thanks Mr Rajagopalakrishnan,
There were no TDS deductions in Q4, won't they impose any late filing fees or penalty if I file the 24Q 4 (Annexure II ) Return now ?
Raman
Rajagopalakrishnan R
(PARTNER)
(1417 Points)
Replied 27 July 2015
Yes Late fee is applicable. But late fee is limited to tax deducted in the statement. Since tax deducted is nil, Late fee also NIL
Raman
(HR)
(49 Points)
Replied 29 July 2015
Thank you very much Mr. Rajagopalakrishnan for providing the requested information.
Raman
Narayan Rathi
(MAnager(Accounts))
(29 Points)
Replied 08 February 2016
You Can file 24Q now Also
and no Penalty and Interest Will be Levied as the Amount Payable is "Zero"
Habam Niljit Singh
(other)
(22 Points)
Replied 31 December 2017
One of employee paid advance tax and asked to employer to adjust in Tds payable. After adjust where have to show in TDS RPU Annexure ii / 2 in 4th quarter form
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