Non filing of nil tds returns

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Sachin Jha

Sachin Jha (Querist)

31 October 2013 Is there is any Penalty for not filing of NIL TDS Return FY-2013-14?

swasti

swasti (Expert)

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.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)

31 October 2013 There is no need to file tds return if its nil. no penalty for same.

Sachin Jha

Sachin Jha (Querist)

31 October 2013 Thanks for your information.

Ganeshbabu K

Ganeshbabu K (Expert)

31 October 2013 Dear sachin
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yes it is true that nil tds return is not required to filed and no penalty
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but please note that nil tds return means "pure nil tds return" where deductee details and challan amount both are nil value.
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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
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you may refer below link to know detailed
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nil tds return not mandatory-but there are exceptions
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https://www.caclubindia.com/experts/tds--1488439.asp#.UnJC6CeZ96M

Sachin Jha

Sachin Jha (Querist)

31 October 2013 Thanks for brief details

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