Nil tds returns

This query is : Resolved

venkatesh (Querist)
Follow

01 March 2014 When we went to submit the nil TDS return, we were told by the NSDL person that , A NIL TDS RETURN NEED NOT BE FILED HERE ONWARDS,as dept. has made it mandatory to quote correct challan number for uploading a tds return and in the case of nil tds return as there is no question of quoting challan details, a nil tds return need not be filed.

I searched for related circulars/amendments, but am unable to find one. I found a circular which says that one has to quote correct challan details to upload a tds return, but , am unable to find a circular which says filing nil tds returns not necessary.

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

01 March 2014 the NSDL is correct. you are not required to submit nil tds returns unless the nil deduction is on account of reasons mentioned below:

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.

TDSCPC intimated this change through email to tds return filers. The content of that email is attached at this link https://www.caclubindia.com/forum/email-from-cpc-tds-for-tds-return-filing-267612.asp#.UxHXws63vh5

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok