LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Tds

Kapil Dhiman (Accountant) (304 Points)

11 August 2014

Hi,

1. Can be claimed refund on Belated return?

2. If TDS is not deducted in any quarter, is it necessery to file Nil TDS return or not ?

Its urgent Plz help

Thanks in advance

Reply
Follow
Share

5 Replies

Fenil Shah (Audit & Tax Executive) (402 Points)
Replied 11 August 2014

Refund Can be claimed in Belated Return & no need to file NIL Return for TDS.

CA Krishna Chaitanya M (Chartered Accountant) (463 Points)
Replied 11 August 2014

yes, you can claim refund of income tax ( in case of excess prepaid taxes, excess tds) for belated income tax return also.

Its not necessary to file nil tds returns.

HEM@NT G@RG (ARTICLE ASSISTANT) (313 Points)
Replied 11 August 2014

Hello Kapil,

You Can Claim Refund in belated Return.

In case of TDS Return.

According to Provision :

Deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues, However, the total fee cannot exceed the amount of TDS deductible for which statement was required to be filed.

But in NIL return tax liabilty is 0.

According to that interpretation there is not mandatory for filling of TDS Return.

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 11 August 2014

refund can be claimed in belated return and nil tds return is not possible to prepare now, so it cant be filed.

Ankush (s) (33 Points)
Replied 12 August 2014

TDs return is mandatory in case you have made certain payments as per the income tax provisions pertaining to TDS, it doesn't matter TDS is deductible or not if you have made such payments then those are mandatorily required to be submitted in tds returns. Better luck!!!!