Nil e-tds return

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Querist : Anonymous (Querist)

07 December 2013 Nil e-TDS quarterly return can be filed or not? If not, why?

Sanket

Sanket (Expert)
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07 December 2013 With effect from 01.10.2013 new version
of FVU i.e. 4.00 is published by the TIN-NSDL
in place of FVU 3.7 with latest new key
features. The latest FVU Ver. 4.00 contains
"NIL" TDS/TCS Return but while generating
validation through FVU Ver. 4.00, TDS/TCS
statement can not be filed without quoting any
valid Challan or deductee row. It means that
NIL TDS Return no needs to submit TDS/TCS
Return and thus cpc has also released important
instructions on 07.10.2013 in the interest of
deductors about submission of TDS/TCS return...

Ganeshbabu K

Ganeshbabu K (Expert)
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07 December 2013 Dear author
.
.
nil tds return not mandatory
.
.
Reasons can be find here with,

1)FAQ of NSDL website says nil tds return not mandatory
.
****2)as per new FVU utility it is *not possible to file return with nil challan and nill deductees so we can also support from here that nil tds return not possible

3)Nil TDS return NOT MANDATORY
.
Kindly refer Subrule 1 to rule 31A
.
words used was (person responsible to deduct tax)
.
4)subsection 200(3) also supports us in the same manner
.
.
Also refer below article
.
http://www.simpletaxindia.net/2013/10/whether-nil-return-of-tds-is-mandatory.html

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