Tds return

If you are not deducting Tds whatever the amount paid to employees it can be ineligible expenses.. In previous year return you are required to its a ineligible expense...

First of all thanks for your reply. I think you people couldn't understand the simple question. Let me explain I paid salaries in which I required to deduct and deposit the tax, however,I didn't deduct anything. My employee has filed his return of his income and paid the tax thereon. Now as per the provisions I am relieved from deduction and payment of TDS on said salary, however, I am still liable for interest. My question is whether I am still liable to file TDS return for previous year?

Mr  e.filer B.Com/ Hyderabad, a sincere advise to you,,,,,,PLEASE NEVER SHARE YOUR CA CLUB PROFILE WITH YOUR CLIENTS...... I WENT THROUGH YOUR PROFILE AND CHECKED YOUR ANSWERS ON VARIOUS TOPICS..........
	"I think you people couldn't understand the simple question."............

 

Hi Mohit, 

You have to take form 26A from your employees and it has to be certified by CA, then submit it to your local AO where your TAN has jurisdiction. 

The provision of Form 26A are given as below.

In Budget 2012 CBDT has introduced a provision w.e.f. 01.07.2012 by which a person who has defaulted in payment of TDS / TCS will not be deemed to be a person in default if he furnishes a certificate from CA to the effect that the person in respect of whom default is committed

 (i)  has furnished his return of income under section 139;

(ii)  has taken into account such sum for computing income in such return of income; and

(iii)  has paid the tax due on the income declared by him in such return of income,

and the person furnishes a certificate to this effect from an accountant in such form as may be prescribed:]

The above was done by inserting proviso  to sub-section (1) of section 201 & to sub-section (6A) of section 206C. The CBDT has now issued the format of such certificates (Form 26 A for default in Payment of TDS & Form No.  27BA for default in Payment of TCS) and issued  a notification related to same which is as follows :-

 

One more thing file the same form 26A with your Jurisdiction AO with whom your PAN is registered.

 

Regards

You have to file nil return

You have to file nil return

NO NEED TO FILE TDS RETURN IN CASE THERE IS NO DEDUCTION

Mohit Pathak no need to file Quarterly TDS return...it is required to file only when I hv deducted tax and deposit to Govt. Since In this case your employee himself paid tax while filing income tax return so there is no question of filing TDS return.....