TDS-TCS Return
This query is : Resolved
29 June 2022
My client is LLP has taken TAN number last year in july while LLP registration but has not deduct any TDS or collect any TCS till date. LLP is not in audit in previous year.
1.) Is there any liability to file TDS/TCS return?
2.) If yes, then can we file TDS/TCS return by ourself or do we need to go to NSDL center for return filling. What is the procedure?
Thanks in advance
1.) Is there any liability to file TDS/TCS return?
2.) If yes, then can we file TDS/TCS return by ourself or do we need to go to NSDL center for return filling. What is the procedure?
Thanks in advance
30 June 2022
1) If there is no TDS / TCS deducted or collected and not paid means, there is no need to file any TDS/TCS returns. NIL return not possible in this 2.
2) To file TDS/TCS returns either we can file with TIN-FCs or by online ourselves.
2) To file TDS/TCS returns either we can file with TIN-FCs or by online ourselves.
02 July 2022
1. No liability
2. You can file online.
03 July 2022
Thank You A. Senthil Subramanian Sir and CA Rashmi Gandhi Ma'am
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03 July 2022
Welcome Dear
08 January 2023
It seems that your under impression that since LLP was not under audit in previous year, No TDS/TCS Liability will arise. However this is not true. LLP is liable to for deducting tds on all the eligible payments. from first year itself whether or not it was liable for audit or not.
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