TDS Return

TDS 1860 views 19 replies

One of my client hasnt deducted any TDS in this 4th Quarter as there wasnt any such payment, is he still require to file TDS Return

PLs answer and thanks in advance

Replies (19)

Amol Gopal Kabra (CA,CS,DISA)

Practicing CA

8639 Points Joined April 2009

Return has to be filed only if there is any tax deduction in the particular quarter. In your case, as there is no tax deduction, no return is to be filed.

Guest

IN CASE ANY 15G OR 15H FORM IS FILLED THEN ALSO IS REQUIRED TO FILE THE RETURN , OTHERVISE NOT REQUIRED

yashsaxena

Managing Director

71 Points Joined September 2010

According to Amol Gopal Kabra (CA,CS,DISA)

He is right as "Return has to be filed only if there is any tax deduction in the particular quarter."

Amol Gopal Kabra (CA,CS,DISA)

Practicing CA

8639 Points Joined April 2009

Originally posted by : RADHEKRISHNA0001
	IN CASE ANY 15G OR 15H FORM IS FILLED THEN ALSO IS REQUIRED TO FILE THE RETURN , OTHERVISE NOT REQUIRED

Even in case of 15G or 15H, return is not required to be file. Because, if there is no deduction, there will be no challan payment and also no credit available for the payee. So no return is to be filed.

valji

Accounts manager-MBA

2150 Points Joined July 2008

I AM AGREE WITH MR AMOL

vijay

Accountant

902 Points Joined December 2008

Originally posted by : valji
	I AM AGREE WITH MR AMOL

Mihir

Wealth Manager

5293 Points Joined December 2008

I beg to differ. I had not filed TDS returns for a company because there were no deductions. Later, there was a letter from NSDL saying TDS returns have not been filed, and if there is any more delay, the company will be penalized.

In my opinion, NIL TDS returns also needs to be filed.

Amol Gopal Kabra (CA,CS,DISA)

Practicing CA

8639 Points Joined April 2009

It may be by mistake you have received the notice. But there is no requirement to file return if there is no tax deduction in a particular quarter. There is no concept like 'nil' return.

Harpreet

* * * * * *

1670 Points Joined March 2008

Mihir,

You (your company) needs to draft a letter to AO (Assessing Officer) and disclose them about that there is no deduction made in this qtr (4th). hence we have not filled the return.

Regards,

Harpreet

KIYOSH

TAX CONSULTANT

332 Points Joined July 2009

Filing of NIL TDS return is compulsory.

Regards,

KIYOSH

Aparna Raja K.C

Student

520 Points Joined March 2011

Its better to sent an intimation to Assessing Officer on a safer note..

Guest

As per the provisions penalty attracted towards non filing of TDS return is Rs.100/- per day but it should not exceed the amount of Tax Deducted.

Hence, not mandatory to file Nil Return.

CMA. Subhash Kumar Jha

General Manager - Finance

8396 Points Joined October 2008

please refer to NSDL FAQ :

If there is no deduction in a particular quarter, should I file the NIL statement?

The filing of a NIL statement is not mandatory.

In case of NIL statement in the fourth quarter, do I need to show salary details of deductees mentioned in first three quarters?

If there is no deduction in the fourth quarter but statements for all or any of the first three quarters were filed, statement for the fourth quarter giving only salary details (Annexure II) should be filed.

vraca96

Chartered Accountants

50 Points Joined March 2007

Originally posted by : Amol Gopal Kabra (CA,CS,DISA)
	Return has to be filed only if there is any tax deduction in the particular quarter. In your case, as there is no tax deduction, no return is to be filed.

I agree, but by filling Nill TDS return you can avoid penaulty and there is a method of filling alredy exist. so why not to file nill return generally.