Non filing of tds returns where no tax was deducted

A PARTNERSHIP FIRM HOLDING TAN RECEIVED A NOTICE FROM ITO/ TDS WARD  TO FILE TDS RETURNS FOR THE FINANCIAL YEAR 2010-11. HOWEVER, SINCE NO TDS WAS DEDUCTED DURING THE FINANCIAL YEAR NO SUCH RETURN WAS FILED. WHETHER THE FIRM IS LIABLE TO FILE NIL TDS RETURNS SINCE IT IS HOLDING A TAN ? WHAT STEP SHOULD BE TAKEN NOW ?

Replies (3)

Have to file return in due time wheather TDS deducted or not. Return is must. In this case you have to file NIL Return. both 24Q n 26Q for all the quarters.

file nil return for fy 2010-11

 

How to file Form 24Q(for salary) in case of NIL Challan  (there is case of Valid Reason for NIL Challan) for Q2 of the F.Y.2013-14??

 

Is there is any Penalty for not filing of NIL TDS Return???

How hat Flag/code is mentioned When net taxable salary (after taking deduction under under chapter VI-A) is less than threshold limit and no deduction of TDS on amount paid/credited. threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE threshold limit and tds not deducted on the same amount Read more at: /forum/details.asp?mod_id=266854#.UlUvJlNWVxE Is there is any penalty,not submitted of NIL TDS Return/statement.

Read more at: /forum/details.asp?mod_id=266854&offset=0#.UlUw2VNWVxE

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