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Tds

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(Querist)
24 July 2014 hi, is there anyone know how to file a nil return? if u know plz tell me
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 what to know put "o" in all amount....but there is no need to file this nil return...............
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Bharathi

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Bharathi (Querist)
24 July 2014 but in banks they want to file the nil return.. wat should i enter in the pan & name column
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 July 2014 in pan u need to fill actual number and in amount col fill as nil.
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Bharathi

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Bharathi (Querist)
24 July 2014 sry i didn't understand can u plz give an example? wat is the actual number?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 see, you will provide all the details as required. in challan details, you shall provide as following:

If there is no challan i.e. when no tax has been deposited, then challan sheet should be filled as below -

Field Value


Value

Serial No. (Column no. 301/401/651/701)


1 Section Code(Section Relevent to the Nature of Payment/Collection): From DropDown Menu

2. Amount Fields i.e. TDS,Surcharge,Education Cess,Interest and Others(Column no 302/402/652/702 to 306/405/657/707) : 0.00 (Zero)

3. Cheque / DD number :Blank

4. Date on which tax deposited (Column no. 311/410/662/712) last day of respective quarter e.g. for quarter 1: 30/06/2014

5. Transfer voucher / Challan serial No. (Column no. 310/409/661/’711): Blank

6. Whether TDS/TCS Deposited by Book Entry ?(Yes)/(No)


7. (Column no.308/407/659/709)" Blank

8. Interest: 0.00 (Zero)

9. Others : 0.00 (Zero)

In deductee details, please provide the Appropriate reason for non-deduction. I presume that in the bank the reasons shall be:

1. Form 15G/15H has been submitted.

In this case use "A" in Remarks (reason for non-deduction/lower deduction/ higher deduction/threshold)

2. the payments made are below the threshold limit.

In such cases use "Y" in Remarks (reason for non-deduction/lower deduction/ higher deduction/threshold)
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Bharathi

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Bharathi (Querist)
25 July 2014 In deductee details, wat should i put in the PAN & Name column sir in nil tds return?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. provide the Name, PAN number and the amount paid to the deductee. in tds column put 0.00
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. provide the Name, PAN number and the amount paid to the deductee. in tds column put 0.00
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. provide the Name, PAN number and the amount paid to the deductee. in tds column put 0.00
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. provide the Name, PAN number and the amount paid to the deductee. in tds column put 0.00
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 yes. provide the Name, PAN number and the amount paid to the deductee. in tds column put 0.00
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Bharathi

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Bharathi (Querist)
25 July 2014 for nil return, we wont pay any TDS, then how should we enter the pan number & name of the deductee?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 Dear Bharathi,

so that the payment made to deductee can be reflected properly.
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Bharathi

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Bharathi (Querist)
25 July 2014 sir, there is no deductees, bt in bank they want me to file a nil return, is that possible?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 no. then it is not possible.
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