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Nil TDS Return

pooja (1) (139 Points)

27 September 2010

Hello,

if their is no tds deducted for a.y 09-10 from any party , as interest paid is below 5000/- & to other party it is HUF & giving me 15G Form , so no tds is deducted for whole year. So how can i file the tds return for 09-10.

If it is compulsory to file nil tds return, if yes then why, if no then why.

please guide me

Thanks

Pooja

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9 Replies

CA AYUSH AGRAWAL (Kolkata-Pune-Mumbai) (26986 Points)
Replied 27 September 2010

Dear Pooja,

No Need to File TDS Return as TDS is Not Deducted at all in a Year.

1 Like

Ruchita shah (varanasi) (30 Points)
Replied 28 September 2010

no...there is no requirement to file nil tds return

bt ya u may furnish nil return but its not mandatory

yashsaxena (Managing Director) (71 Points)
Replied 28 September 2010

Actually TDS is final tax payable- at the time of filling individuals returns.

Here is the information on TDS.

NITIN BHATIA (CA FINAL) (188 Points)
Replied 28 September 2010

no return is required to be filed.

JINESH SHAH (PRACTICING CA) (151 Points)
Replied 28 September 2010

NO NEED TO FILE TDS RETURN...

CA Hiral (Executive) (102 Points)
Replied 09 October 2010

HI Pooja

NIL Return is to be filed.

Regards

Hiral

Mohammad Asif (chartered accountant) (191 Points)
Replied 30 October 2010

No tds return need to be filled

Mushak shareef (eFiling Consultant) (144 Points)
Replied 08 November 2010

Dear Pooja

(If it is compulsory to file nil tds return, (1)if yes then why, (2) if no then why.)

2) " No " ------ No need to file. No where mentioned to file a nil return in Act

1) '' Yes " ------ Yes. but not compulsory. We Have to file a nil return. Other wise how do the department knows that you have not deduct anything from anybody? or you are in negligence of efiling. So the Department sends notice to you for filing the return to prove it is NIL. It is happening practically . To avoid this better we may file a nil return almost we may lose30 but gain tension free future. in practice IT IS happenings. My suggestion is file the return within the due date it may be WITH RECORDS or NOT?