Tds exemption

This query is : Resolved

AKHIL SHARMA (Querist)
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15 September 2012 SIR, OUR COMPANY IS REGISTER WITH TAN NO. LAST YEAR WE HAVE NOT COVERED WITH TAX AUDIT,
PLS TELL ME LET WE HAVE TO FILE THE TDS RETURN,
IS THERE ANY EXEMTION FOR NON FILING OF TDS RETURN. I HAVE NOT FILED THE TDS RETURN, BECAUSE THE TURNOVER WAS LESS THAN 60 LACS.

Rathin Roy

Rathin Roy (Expert)
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16 September 2012 Filing of TDS returns has no connection with your turnover. Even if you have nil turnover but have deducted TDS on payments made then the return has to be filed. Filing of the return is not required only in case you have not deducted any TDS as this may not have been necessary - please note, however that you will have to file the return in case you have not deducted any TDS due to exemption certificate provided by the other party.