Nil tds return

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Yash Shinde (Querist)
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08 February 2014 Dear experts, I want to file Nil TDS return for the first two quarters of F. Y 2013-14. Will any late filing fee u/s 234E be attracted towards it?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 February 2014 you can file nil-tds return only in the following cases:

A :Lower / No deduction for certificate u/s. 197

B :No deduction for declaration u/s. 197A

C :Higher deduction where PAN is not available

T :No deduction for Transporters having PAN (sec. 194C(6) )

X :Lower TCS for certificate u/s. 206C(9)

Y :No deduction due to payment below threshold limit.

if above reasons dont apply, nil-tds return cannot be filed.

Given that 234E fee cannot exceed tax deductible, there wont be any penalty anyways...

Yash Shinde

Yash Shinde (Querist)
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03 March 2014 Thanks a lot Nikhil Sir...

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 March 2014 you are welcome Yash

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