Nil e-tds return

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

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

Sanket

Sanket (Expert)
Follow

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)
Follow

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
.
https://www.simpletaxindia.net/2013/10/whether-nil-return-of-tds-is-mandatory.html

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now