What is NIL TDS return? How can I file NIL TDS return for Salaries on which TDS is not yet deducted?
vinayak c. chavan (CPT passed) (1011 Points)
13 June 2013What is NIL TDS return? How can I file NIL TDS return for Salaries on which TDS is not yet deducted?
CA Ramsai N
(Fresher)
(594 Points)
Replied 13 June 2013
Return, which comprises of only Zero/NIL Deductions in deduction details and no challan details (Apart from a NIL Challan Indication) is called NIL Return.
It is not madatory to file NIL return for 24Q for Q1,Q2 and Q3. But it is compulsory to file 24Q for Q4.
It can be filled by keeping zero in challan amount column. Deductee entries are not required
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