Hello everyone, please guide on this TDS query.
TDS 24Q & TCS 27EQ is not applicable, so we did not file TDS quarterly return.
Now we received communication from department informing us that we have not filed TDS returns, and to file declaration for non-applicability.
As there was no TDS deduction or TCS collections, is it mandatory to file declaration.
Shall we file declaration, or shall we ignore this communication.
Please guide.
You should NOT ignore this communication. Even if no TDS/TCS was applicable, the department expects a response.
Not mandatory by law
But highly advisable to file NIL declaration
Do NOT ignore the notice
Your TAN number is active therefore in my opinion always better to file NIL retrun or Nil declaration even if in any perticular quater no TDS / TCS deducted .
Take more opinion as well .
Thank you dear Aashok FC Advisory for your reply.
Thank you dear Prasad Nilugal for your reply.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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