Is NIL TCS return to be file is mandatory?

1800 views 2 replies

Meenakshi Gola

1 Points Joined August 2018

if a company has not furnish it's 1st and 2nd qtr tcs return but had filed it's 3rd quarter return, in the 1st and 2nd quarter there is no transaction related to TCS. Whether is it compulsory to file NIL TCS RETURN OF 1ST AND 2ND QUARTER?

Replies (2)

Himanshu Singh

77 Points Joined July 2020

No, though there is a declaration option on traces website of nil return

Ashok kumar

CA Final

592 Points Joined April 2008

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