02 March 2015
FY 2013-14 there was no liability of tds during the whole year. We have not filed NIL TDS Return. Somebody has told me that a declaration is required to upload if tds liability is nil during any Quarter. Please advise me what to do in this case. Is there any penalty for non-filing of NIL tds return or non-filing of declaration of NIL tds liability. Please guide me.
02 March 2015
No penalty for non filing of NIL return.
Actions to be taken and Procedure for filing of Nil TDS return/ declaration for non filing of TDS statement :
Please submit a declaration for Non-filing on TRACES. For this purpose, you can login to TRACES, navigate to “Statements/ Payments” menu and submit details under “Declaration for Non-Filing of Statements.
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