Nil e-tds returns

TDS 885 views 3 replies

Dear Sir

Quarterly NIL E-Tds Returns Filing is Mandatory or Not?

If we are missing for filing any Quarter NIL Return any penalty payable or not

Please tell

Replies (3)

AGREE WITH SANJAY G

If you do not file how will the dept. know whether there is no TDS or not filed though there is.

Assuming that you have not filed though there is TDS amount dthe Dept. may send notice(s). Then the onus lies on you to prove that you have no TDS.

In such case convincing the Dept.will be a costly affair.

It's upto you to choose an option.

The fee for default in furnishing of returns cannot exceed the tax deductible.

Yet, quoting aforesaid,

"Assuming that you have not filed though there is TDS amount dthe Dept. may send notice(s). Then the onus lies on you to prove that you have no TDS. In such case convincing the Dept.will be a costly affair."

Beneficial to file the Nil return.

 


CCI Pro

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