Nill tds return

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 May 2012 Dear sir,
please give me solution for nil tds return not filed,if we are not nil tds return file so what the penalty.

15 May 2012 There is no penalty for non-filing of nil TDS return.

15 May 2012 Dear,

You need to file TDS return in following case also

1. Payment to transporter
2. Non deduction/lower deduction of tax on production of NIL certificate

Be careful, if any such transactions are there you need to file NIL TDS return also otherwise penalty will be levied by IT


15 May 2012 Dear User,
,
Prima facie there will be no penalty for Nil return but you will have to file the return as soon as possible to avoid any problems which may occur.

From this budget, Interst is being charged for delay furnishing of return. So be careful to file the return on time.



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