Tds

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SUBHASH MISHRA (Querist)
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13 June 2014
Respected sir,

If an assessee (Individual / Partnership firm) who is having TAN but they are not paying any such sums on which TDS is deducted…means there is NIL transaction then my question is that whether they have to file their quarterly TDS return of NIL activity… Like in VAT Laws, an assessee who is not having a turnover, but he has to file return of NIL turnover.

Please guide…

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 June 2014 nil TDS returns cannot be filed now. but you are required to provide for reasons for no-deduction through tdscpc account

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 June 2014 yes seperately now u need to inform tdscpc for the same but no need to file return.

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