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Is it Compulsory to file TDS return in case of No deduction

TDS 1817 views 4 replies

Abhishek

SERVICE

91 Points Joined December 2007

Facts are :

1 Quarter 1 - tds return filed.

2. In the quarter 2 & 3 there are no deductions as no vendor related transactions.

Question : Is it compulsory to file Nil TDS return once the company is having TAN ??

If the answer to above is No and a Query is recd from deptt of Directorate General of I-tax, for non-filing of return for above periods. Whether any kind of reply needs to be given or it can be ignored ??

Replies (4)

CA. Kirti S. Ganatra

Service

1461 Points Joined October 2007

Yes, you should file NIL TDS return

Abhishek

SERVICE

91 Points Joined December 2007

Pls tell if return is not filed.
- what can be the consequences, since the amount involved is NIL.
- and is there any specifically written to file for Nil return.

Anil

1638 Points Joined October 2007

Check out the below mentioned link: https://simpletaxindia.blogspot.com/2007/07/if-there-is-no-deduction-in-particular.html Above mentioned web page discusses your querry in detail and answers all your questions.