Non filing of nil tds returns
This query is : Resolved
31 October 2013
Is there is any Penalty for not filing of NIL TDS Return FY-2013-14?
31 October 2013
From 2nd quarter 2013-14 onwards, there is no need to file NIL TDS Returns. Need to be mentioned that the department itself is not accepting the NIL TDS Returns now.
31 October 2013
There is no need to file tds return if its nil. no penalty for same.
31 October 2013
Thanks for your information.
31 October 2013
Dear sachin
.
.
yes it is true that nil tds return is not required to filed and no penalty
.
.
but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
.
.
however if you have deductee details and nil challan amounts which can be flagged as A,B,T,Z, transactions
..
we mandatorily required to file our tds return otherwise...penalty under section 271H can be levied on you
.
.
you may refer below link to know detailed
.
.
nil tds return not mandatory-but there are exceptions
.
https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M
.
.
yes it is true that nil tds return is not required to filed and no penalty
.
.
but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
.
.
however if you have deductee details and nil challan amounts which can be flagged as A,B,T,Z, transactions
..
we mandatorily required to file our tds return otherwise...penalty under section 271H can be levied on you
.
.
you may refer below link to know detailed
.
.
nil tds return not mandatory-but there are exceptions
.
https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M
31 October 2013
Thanks for brief details
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
