Tds nil return

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fakrudheen

fakrudheen (Querist)
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13 July 2016 some of the quarter we have no TDS Deduction & Payment, so that we are liable to file nil Return

Shubham Gupta

Shubham Gupta (Expert)
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13 July 2016 yes , you have to file nil return.

Shubham Gupta

Shubham Gupta (Expert)
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13 July 2016 yes , you have to file nil return.

fakrudheen

fakrudheen (Querist)
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13 July 2016 if failed to file NIL Return, what are the consequation?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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26 May 2019 It is not mandatory to file nil TDS return if you have not deduct TDS for any quarter. However you have to file a declaration for non filing of TDS Return. The Deptt. has introduced a new functionality in the TRACES site wherein the persons who are not required to submit a return of TDS due to non applicability in any particular quarter shall have to submit a Declaration for the same on TRACES. Procedure for filing of Nil TDS return/ declaration for non filing of TDS statement is given below: 1. Login through your registered id at www.tdscpc.gov.in (TRACES site) 2. Go to Statement/Payments TAB after login > Declaration for Non filing of TDS statement

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