CA Krishna Chaitanya M (Chartered Accountant) (463 Points)
12 July 2010is it necessary to file quarterly NIL tds returns
if interest payment due on 31/3/2011 RS.12000 to a person, which is liable to tds @ 10.3% =1236 as per sec.194A,
is it true to submit quarterly tds returns for 2010-11 by dividing total tds payable 1236 into four quarters respectivly 1236 / 4 =309
or by submitting tds return for amount 1236 on last quarter
yashodeep bafna
(PRACTICE)
(40 Points)
Replied 12 July 2010
tds return only for last quarter
and it is necessary to file nil return.
CAclubindia
