In my view its not mandatory,now dept has given some clarification on this subject,though not directly on this subject but while answering the FAQ on form 24 Q ,Q4,it has been made clear that nil etds statement is not mandatory. But return 24q q4 should be filed if there is deduction in any of the first three quarter.complete issue can be checked from following link.
http://simpletaxind
CA RAJAN GUPTA
if above link is not working then visit this link,& click blog archive july 2007
CAclubindia
