Tds return not filed for f.y 2012-13

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 November 2013 Is penalty applicable if TDS return is not filed for the F.Y 2012-13 and the payment of TDS is done in August'13 of all the 4 quarters with interest.

What should be done should I file the TDS return or not.

The amount of TDS is Nominal i.e., Rs 1500/- to 2500/- in each quarter.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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09 November 2013 Since the amount of TDS is nominal, in the given circumstances, it is better to file the TDS returns as it will attract nominal late fee but provide a greater relief.
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