Tds nil returns

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ashok thakker (Querist)

29 April 2013 Sir,
Mine is a pvt. Ltd, company,since last two FY we have not made any payments which calls for TDS deduction,we have TAN no. somebody suggested in this case we need not file NIL returns every qtr. pl advise....

regards,

ashok thakker

Anand

Anand (Expert)

30 April 2013 There is no need to file a NIL return.
If however you have made payments to vendors having a NIL deduction or vendors who are goods transport operators with PAN, then in such circumstance a return should be filed with the appropriate flag indicating that tds was not deducted in each case because either they have a NIL deduction cert or because they are goods transporters with a valid PAN

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)

12 June 2013 If you have not deducted any tax then you need not file any return but kindly check if there is taxable income and you were required to deduct TDS and have not deducted then you have to file the TDS return, pay the TDS with interest and be ready for prosecution u/s 276B

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