Tds return 2nd qtr of fy 2013-14
This query is : Resolved
08 October 2013
DEAR SIR / MADAM
HOW CAN I FILE NIL TDS QTLY RETURN OF FY 2013-14.
Please help me.
Thanking you,
HOW CAN I FILE NIL TDS QTLY RETURN OF FY 2013-14.
Please help me.
Thanking you,
08 October 2013
Return, which comprises of Only Zero/
NIL Deductions in deduction details and
no challan details (Apart from a NIL
Challan Indication) is called NIL Return.
Note that the NIL return should have a
value Greater than Zero as Total Amount
Paid/Credited. Zero-Amount of Payment
is not accepted by NSDL. It is compulsory
for a deductor to file NIL return if he
has done some payments and not
deducted/Collected any TDS/TCS on the
amount of payment. No Deduction Details
and No Challan details is not a NIL returns.
NIL Deductions in deduction details and
no challan details (Apart from a NIL
Challan Indication) is called NIL Return.
Note that the NIL return should have a
value Greater than Zero as Total Amount
Paid/Credited. Zero-Amount of Payment
is not accepted by NSDL. It is compulsory
for a deductor to file NIL return if he
has done some payments and not
deducted/Collected any TDS/TCS on the
amount of payment. No Deduction Details
and No Challan details is not a NIL returns.
08 October 2013
If there are no payments done under
that particular form, it is not compulsory
for the deductor to file eTDS returns for
that form, unless intimated by IT
Department/NSDL. The obligation to file
quarterly TDS Return arises only if tax
has been deducted at source. Legally
there is no need to file Quarterly TDS
Return/ Statement where no tax has been
deducted at source. NSDL is also of the
view that it is not at all compulsory to
file NIL return, if deductor has not
deducted any tax at source or if there is
no transaction at all for a particular
period.
that particular form, it is not compulsory
for the deductor to file eTDS returns for
that form, unless intimated by IT
Department/NSDL. The obligation to file
quarterly TDS Return arises only if tax
has been deducted at source. Legally
there is no need to file Quarterly TDS
Return/ Statement where no tax has been
deducted at source. NSDL is also of the
view that it is not at all compulsory to
file NIL return, if deductor has not
deducted any tax at source or if there is
no transaction at all for a particular
period.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
