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Is NIL TCS return to be file is mandatory?
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)
No, though there is a declaration option on traces website of nil return
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
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