is it necessary to file nil tds return in case there is no tds transaction in a particular quarter?
Raghav Gupta (CA Final & CS Executive Student) (212 Points)
16 October 2010is it necessary to file nil tds return in case there is no tds transaction in a particular quarter?
Devendra
(Chartered Accountant)
(4775 Points)
Replied 16 October 2010
It is not mandatory to file a nil return, but to be on the safer side you should file a nil return.
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 16 October 2010
not at all......... no need to file TDS Return.......... in case of nil TDS.......
Mushak shareef
(eFiling Consultant)
(144 Points)
Replied 18 October 2010
Dear Raghav, According to my knowledge level in practical, every TAN holder should file the return even if there is no data as NIL return. Otherwise a notice will be served from Income Tax Department for Non filing of etds returns. How do they know that you have no transactions or you are in negligence of filing tds returns.
Loganathan.R
(CHARTERED ACCOUNTANT)
(27 Points)
Replied 18 October 2010
It is mandatory to file TDS Quarterly return by Companies and Firms even in case where no TDS has been deducted during that Quarter.
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 19 October 2010
dear friends,
do you have any kind of proof to show that TDS Return is required to be filed by all...... (even if no TDS Deducted in that period).......
in my view no requirement of submitting return and waste money (Rs. 30.00 or so).......
Suggestions are welcomed......
Regards,
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