tax deduction at source

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SHIVAJI (Querist)

09 January 2014 Gud evening

as we are aware that no nil returns have to be filed in TDS from which date it is in effect. moreover if a employer deducts tds only in 3rd and 4th quarter with relevant quarterly incomes , how to issue form 16, how to show complete income ( income on which TDS has not been deducted). Please clarify

Ganeshbabu K

Ganeshbabu K (Expert)

09 January 2014 Dear sachin
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yes it is true that nil tds return is not required to filed and no penalty
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but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
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however if you have deductee details and nil challan amounts which can be flagged as A,B,T,Z, transactions
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in your case you will have deductee pan details(employees pan) but nil challan so you mandatorily required to file tds return in my opinion(with deductee pan details and nil challan)--so that you will get form 16 for full salary paid
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we mandatorily required to file our tds return otherwise...penalty under section 271H can be levied on you
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you may refer below link to know detailed
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nil tds return not mandatory-but there are exceptions
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https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M

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