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Quarterly nil tds return mandatory

TDS 3077 views 5 replies

MITEN SHAH

SELF OCCUPIED

47 Points Joined February 2012

I am Individual deductor. For F.Y. 2013-14, i have not deducted any TDS, as no TDS was deductable by me. I have not filed TDS return for Quarter 1,2 & 3 of 2013-14. As per my information it is not mandetory to file TDS return as TDS was not deducted. As per helpline of tdscpc.gov.in also advised me not to file return for 3 quarters. As per the link below of nsdl-tin FAQ also states that. But i want expert C A's advise on the same, & to my best belief this forum will surely provide best advise for my query.

https://www.tin-nsdl.com/faq/faq-form-fourth.php

Replies (5)

Rahul Patel

Accounts Executive

94 Points Joined May 2012

As per the new notification, from Q2 of F.Y,2013-14 onwards, Nil return has been stopped,

So there is no requirement to file any Nil return anymore.

Income Tax Wala: (Fin. Expert)

Chartered Accountants

2015 Points Joined August 2010

AGREED WITH RAHUL

No need to file TDS return with NIL tds amount

Sahil Arora

Accountant

40 Points Joined August 2008

Yes, There is no need to file a NIL return but as far as i know you can file a Non-Filling Declaration by logging into TRACES website so that no further action/notice can be commenced by Income Tax Department.