Vijay Kumar (article) (402 Points)
10 May 2011
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 10 May 2011
Return has to be filed only if there is any tax deduction in the particular quarter. In your case, as there is no tax deduction, no return is to be filed.
yashsaxena
(Managing Director)
(71 Points)
Replied 10 May 2011
According to Amol Gopal Kabra (CA,CS,DISA)
He is right as "Return has to be filed only if there is any tax deduction in the particular quarter."
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 10 May 2011
Originally posted by : RADHEKRISHNA0001 | ||
IN CASE ANY 15G OR 15H FORM IS FILLED THEN ALSO IS REQUIRED TO FILE THE RETURN , OTHERVISE NOT REQUIRED |
Even in case of 15G or 15H, return is not required to be file. Because, if there is no deduction, there will be no challan payment and also no credit available for the payee. So no return is to be filed.
Mihir
(Wealth Manager)
(5293 Points)
Replied 10 May 2011
I beg to differ. I had not filed TDS returns for a company because there were no deductions. Later, there was a letter from NSDL saying TDS returns have not been filed, and if there is any more delay, the company will be penalized.
In my opinion, NIL TDS returns also needs to be filed.
Amol Gopal Kabra (CA,CS,DISA)
(Practicing CA)
(8539 Points)
Replied 10 May 2011
Harpreet
(* * * * * *)
(1670 Points)
Replied 10 May 2011
Mihir,
You (your company) needs to draft a letter to AO (Assessing Officer) and disclose them about that there is no deduction made in this qtr (4th). hence we have not filled the return.
Regards,
Harpreet
KIYOSH
(TAX CONSULTANT)
(332 Points)
Replied 10 May 2011
Filing of NIL TDS return is compulsory.
Regards,
KIYOSH
Aparna Raja K.C
(Student)
(520 Points)
Replied 10 May 2011
Its better to sent an intimation to Assessing Officer on a safer note..
CMA. Subhash Kumar Jha
(General Manager - Finance)
(8396 Points)
Replied 11 May 2011
please refer to NSDL FAQ :
If there is no deduction in a particular quarter, should I file the NIL statement?
vraca96
(Chartered Accountants)
(50 Points)
Replied 11 May 2011
Originally posted by : Amol Gopal Kabra (CA,CS,DISA) | ||
Return has to be filed only if there is any tax deduction in the particular quarter. In your case, as there is no tax deduction, no return is to be filed. |
I agree, but by filling Nill TDS return you can avoid penaulty and there is a method of filling alredy exist. so why not to file nill return generally.
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