E-tds return

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Ashutosh Kumar Jha (Querist)

09 October 2013 Dear Sir/Madam,

Can we file a nil TDS return for 2nd Quarter of FY 2013-14 with giving reason "Y" as limits not crossed as provided in NSDL RPU 3.7. Please help us.

Thanking you

CA UMESH DULAL

CA UMESH DULAL (Expert)

09 October 2013 no need to file nil return

Ashutosh Kumar Jha

Ashutosh Kumar Jha (Querist)

09 October 2013 Dear Umesh Sir,

Thank you for your reply.

Further, we want to know that, if we paid an amount below the prescribed limit for deduction of TDS,then in that situation can we file tds return or it is mandatory to not file tds return?

Thanking you.......

@VaibhavJ

@VaibhavJ (Expert)

09 October 2013 Hi

There are some changes & you may required to file ETDS return if you have single transaction in quarter even though no TDS has been deducted.

Thanks//VaibhavJ

CA Pallav Singhania

CA Pallav Singhania (Expert)

09 October 2013 Agree with Vaibhav ji,

Even you have a single transaction in quarter and you didn't have any TDS liability..

From 16th Feb,2013 Government has made it mandatory to file Nil TDS return as well 15G / 15H details needs to be submitted.

Message likes : 1 times

@VaibhavJ

@VaibhavJ (Expert)

09 October 2013 Thanks Aryanji for confirmation.

For changes wef Oct 13 pl refer : https://blog.ffcs.in/2013/09/26/file-validation-utility-fvu-4-0-and-2-136-applicable-from-01st-october-2013/

Thanks

Message likes : 1 times

CA Pallav Singhania

CA Pallav Singhania (Expert)

10 October 2013 Agree its not mandatory to file, Except in the case of 24Q for the 4th quarter...

Note: that the NIL return should have a value Greater than Zero as Total Amount Paid/Credited. Zero-Amount of Payment is not accepted by NSDL..

regards,

CA UMESH DULAL

CA UMESH DULAL (Expert)

10 October 2013 New format does not allow zero entry in deductee row

so no need to file the nil return

CA Pallav Singhania

CA Pallav Singhania (Expert)

10 October 2013 NIL return should have a value Greater than Zero as Total Amount Paid/Credited. Zero-Amount of Payment is not accepted by NSDL..

CA UMESH DULAL

CA UMESH DULAL (Expert)

10 October 2013 if you have paid any sum to transporter which have PAN, then you have to file the return (even if no tds is deducted, as there is no liability to deduct the tds) other wise, FUV file can not be created in NIL tds payment.

CA Pallav Singhania

CA Pallav Singhania (Expert)

10 October 2013 Agree with you completely,

As per latest notification which I got today,
CBDT made a great move Which implies that Nil TDS return is no more permissible..

https://taxguru.in/income-tax/nil-tds-return.html

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