Nil return TDS

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127 Points Posted on 31 July 2021

Hi, 

For the Q1 quarter of FY 21-22, I've not made any payments where have to deduct TDS and my employees salary also within threshold limit. 

Whether Nil TDS filing will be fine or anything else need to be done. 

Thanks in advance

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On 31 July 2021 at 11:55 Report
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If you haven't made any payments requiring TDS deduction or your employee salaries are below the threshold for Q1 of FY 21-22, you generally don't have to file a Nil TDS return. While filing a Nil return won't cause problems, it's not compulsory. You can opt to file a declaration on the TRACES portal instead to indicate no TDS liability for the quarter.

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Chartered Accountant
24588 Points Posted on 31 July 2021
Tds return should be filed with NIL
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On 31 July 2021 at 12:09
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CMA
13117 Points Posted on 31 July 2021

No compulsion to file nil tds return. Alternatively, you may file a declaration to this extent on traces portal if you want to.

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On 31 July 2021 at 13:13
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Practicing Professional
161 Points Posted on 31 July 2021

There's no need to file TDS return for the respective Quarter

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On 31 July 2021 at 13:28
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Chartered Accountant
24588 Points Posted on 31 July 2021
But if filed will it creates any problems??
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On 31 July 2021 at 14:18
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Practicing Professional
161 Points Posted on 31 July 2021

There shall be no problem

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On 31 July 2021 at 14:27
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Chief Accountant
3150 Points Posted on 31 July 2021
You may file a declaration to this extent on traces portal if you want to. No need to file return
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On 31 July 2021 at 16:54
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Chartered Accountant
24588 Points Posted on 31 July 2021
Thanks for the information Misha
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On 31 July 2021 at 17:31

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