Nil is not mandatory?

Dear All,

It's just hear say, That since 01.10.2013 Nil return is not mandatory.

We are shipping company, We have been in business dealings with Transporter and Non-TDS deduction in some shipping Billing which they vendor claim Non -Deduction of TDS with The excemption certificate received from I.T U/S 197.

Please clarity that hence forth Do i ignore filling above transaction.

Before filling this return received communication from CPC. i would like to quote Point b) which says  says below.

b) Quote correct and valid lower rate TDS certificate in TDS statement

wherever the TDS has been deducted at lower/zero rate on the basis of

certificate issued by the Assessing Officer

Replies (1)

Hi

 

Yes you have to file return, since you No TDS has been deducted after issuance of cert. u/s197 or 197A as may be.

 

Taking on another view. If E-TDS is not required at all then why TIN will introduce flag like"A" or flag"B".

 

Pl read https://www.simpletaxindia.net/2013/10/whether-nil-return-of-tds-is-mandatory.html

 

 

Thanks//VaibhavJ

 

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