Is it compulsory to file Nil Tds Returns

4176 views 10 replies

I m proprietary firm I have Tan no. and from April 2018 to June 2018, we don't have any single vendor to deduct TDS . so is it compulsory to file tds nil return, pls suggest today is last date

Replies (10)

yes.. please file NIL TDS return

YES NEED TO FILE TDS RETURN 

Yes... Exactly...

Go to file the TDS return.

OR YOU CAN APPLY FOR CANCELLATION OF TAN ALSO ASAP IF NO TDS APPLICABLE 

No, there is no need to file tds return.

I second Sushil Kumar, You do not have to file NIL TDS returns.

But then, if there is a TDS to be deducted under certain section like an interest paid u/s. 194A, then the interest receving party may opt to give you form 15g/h and that will restrict you to not deduct TDS on the interest. In such cases you still have to file TDS return, where the tax paid by you is NIL but the transaction of 15G/H has to be informed to TDS department via filing TDS returns.

It is not mandatory to file nil TDS return if you have not deduct TDS for any quarter.

However you have to file a declaration for non filing of TDS Return. 

The Deptt. has introduced a new functionality in the TRACES site wherein 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. Procedure for filing of Nil TDS return/ declaration for non filing of TDS statement is given below: 

1. Login through your registered id at www.tdscpc.gov.in (TRACES site) 

2. Go to Statement/Payments TAB after login > Declaration for Non filing of TDS statement

but i cant even register on traces portal. error saying you cannot register because you have not filed even a single Non-NIL return. How can I file the declaration in such a case at traces?

I think if you never filled and never deducted and paid any TDS it will not allow you to register. You can NOT register on TRACES at present due to one of the reasons i. You have not filed any statement for the mentioned TAN OR ii. All the statements filed for Financial Year 2009-10 and onwards are in cancelled state OR iii. All the statements filed for Financial Year 2009-10 and onwards are NIL Statements (having ALL challans with amount=0)

So what should I do if I can't login at traces and also I can't select quater while filing of my tds return on income tax portal. Do I have need to file a nil tds return for a previous periods? Pls suggest


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register