LATE FEE ON DELAY FILING OF " NIL TDS RETURN "

This query is : Resolved

jigyasu (Querist)
Follow

22 October 2019 There is no transanction relating to TDS during the Qtr nor i have filed TDS Nil return . Is nay late fee is to be levied?
LATE FEE ON DELAY FILING OF "STATEMENT OF DECLARATION FOR NIL TDS RETURN "

CA. Anshul Medatwal

CA. Anshul Medatwal (Expert)
Follow

22 October 2019 As per Income Tax Act, Even in case of nil TDS return, you have to submit declaration. However, I have seen in real world many of assesses has not submitted Nil TDS return and also dept has not imposed any penalty on them