Tds return 2nd qtr of fy 2013-14

This query is : Resolved

Share Report Follow Query Ask a Query

GAJENDRA RATHORE

GAJENDRA RATHORE (Querist)
Follow

08 October 2013 DEAR SIR / MADAM
HOW CAN I FILE NIL TDS QTLY RETURN OF FY 2013-14.

Please help me.

Thanking you,

Sanket

Sanket (Expert)
Follow

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.

Sanket

Sanket (Expert)
Follow

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now