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filing of AIR Return

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Querist : Anonymous

Querist : Anonymous (Querist)

20 October 2010 sir,
I am a registrar

I recieved a notice from IT/NSDL quarying for not filing of AIR Return for the last Year.

Last Year there was no transaction/Registration that qualified for AIR Return in my office .

How can I file a NIL AIR/ or is it compulsery to file an AIR even iff the transaxction is NIL- Please Reply

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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20 October 2010 The law as well as the concerned rules does not prescribe mandatory filing of NIL return. However, as per my understanding, you may write a letter to the authority stating that non filing of AIR is not delebrate but was due to no "specified financial transctions" to be reported upon.

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