Hi,
We are going to be filing TDS return by ourselves for the first time but have certain queries.
We have 10 employees whose salaries in the first 2 quarters of the year was not high enough to deduct TDS.
But after recent salary revision 1 of them is coming under TDS ambit. So we have deducted TDS amount and have paid challan for the same.
My queries are as follows.
1) For the first 2 quarters [Q1&Q2] do we file Nil return on traces or do we need to give salary information of our employees for this quarter in annexure despite not deducting TDS from their salaries?
2) If Nil return, then is filing Nil return declaration on Traces website enough? or do we need to submit a NIL return 24Q?
3) Also in the Q3 24Q Return , do we have to mention the salary details of "all our employees" for the quarter including the 1 employee who is liable for deduction? or only salary details of that 1 Employee?
Sorry if some of these e queries are too easy, we are new to this and this is a little confusing for us.
Thanks in Advance.
CAclubindia
