NIL TDS Return essential?

POSTED BY Arup Kr. Dey ON April 6, 2013 11:24 am COMMENTS (3)

Anybody help please?

HUF has a unsecured loan and HUF give interest on unsecured loan only yearly(31st march every year).
HUF accounts get audited u/s 44AB.
Then How this HUF file TDS Return.Q1,Q2,and Q3 interest is zero,then is this essential to file a nil return?or it will submit return in form 26Q in 4th Quarter only?

3 replies on this article “NIL TDS Return essential?”

  1. Dear Arup, as there was no transaction in prev. qrtr. you can file as it is.

    Thanks

    Ashal

  2. Arup Dey says:

    Actually Ashal, I have told them the same ,but the karta says that we just give interest yearly , from next year they will give interest quartarly, But what about this year?Can I submit return in form 26Q for 4th Quarter only?

  3. Dear Arup, why the HUF in question is not paying interest on qtly basis to ease out the matter?

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today