Tds return

This query is : Resolved

C.A. HIREN (Querist)
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03 May 2012 Hello frnds,
I hv pvt. ltd. company and company has obtained TAN number. but co. has not deduct any tds amount as he is not laible for that and hence com. is not filling return of tds.
I want to know whether is there any requirement to file tds return compulsary evr nil return ya not.?
and if yes then tell me wht is penalty for late filling of return..??

thanks in advance

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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03 May 2012 if your company has not deducted any tds then its not mandatory to file tds return

Amol S Joglekar

Amol S Joglekar (Expert)
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03 May 2012 No need to file NIL TDS return. In some cases TDS officer (ITOs) have started sending notices as to why the return is not filed..... Here you have to be cautious, as you need to explain the TDS officer that how TDS was in applicable.

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