Tds nil return filing

This query is : Resolved

Twinkal Shah (Querist)
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19 October 2013 Till recently TDS deductor were submitting TDS return for a Quarter even if they have not deducted and paid any TDS for a specific Quarter, called “NIL” TDS Return.

CBDT has now provided that “TDS statement cannot be filed without quoting any valid challan and deductee row. “ Which implies that, Nil TDS return is no more permissible.

Earlier Assesses use to submit NIL TDS return to avoid penalty for late Filing of TDS Return as they use to revise the return post filing of Nil Return. Now the same is not possible.

Query:
Wat abt the penalty for not filing the return?

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 Hi Twinkle,

Sice NIL E-TDS return is not required to file then there is NO penalty.

Thanks//VaibhavJ

CA Pallav Singhania

CA Pallav Singhania (Expert)
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19 October 2013 Agree with Expert,

Filing of TDS NIL return is not mandatory,
as FAQ issued at NDSL..

If there is no deduction in the fourth quarter but statements for all or any of the first three quarters were filed, statement for the fourth quarter giving only salary details (Annexure II) should be filed.

https://www.tin-nsdl.com/faq/faq-form-fourth.php

regards,

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 Also refre full fledge article: https://www.simpletaxindia.net/2013/10/whether-nil-return-of-tds-is-mandatory.html

Thanks//VaibhavJ

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