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TDS nil return filling

This query is : Resolved

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Soumya

Soumya (Querist)
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15 July 2016 Dear all, Is it possible to file NIL return for TDS 24Q and 26Q.

Rachit Nagpal

Rachit Nagpal (Expert)
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16 July 2016 Currently, if there is no TDS to be deducted, no action is taken in terms of filing TDS return for the particular quarter. Due to this practice of non-intimation, the Income Tax department is not able to find out the difference between the following two types of deductors- 1. Deductors required to file return but not filed and 2. Deductors not required to file return due to NIL TDS. Henceforth, 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.So If you are not required to file the same, please submit a declaration for Non-filing on TRACES. For this purpose, you can login to TRACES, navigate to “Statements/ Payments” menu and submit details under “Declaration for Non-Filing of Statements"

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