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TDS Return Query

nikita SHAH (chartered accountant) (194 Points)

10 May 2019

We have purchased branded software, on which tds is not applicable as per Circular No. 1323. NOW MY QUEY IS WHETHER SUCH NIL TDS TRANSACTIONS ARE REQUIRED TO SHOW IN TDS RETURNS I. E 26Q?

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7 Replies

RAJA P M ("Do the Right Thing...!!!") (127231 Points)
Replied 10 May 2019

No need...

pinky agarwal (student) (137 Points)
Replied 10 May 2019

Tarun Kansal (37 Points)
Replied 10 May 2019

NITIN SABOO (344 Points)
Replied 11 May 2019

yes, required to Show with reason of lower deduction as mention in different flag

RAJA P M ("Do the Right Thing...!!!") (127231 Points)
Replied 11 May 2019

Originally posted by : NITIN SABOO
	yes, required to Show with reason of lower deduction as mention in different flag

Bro.,

Query is not for lower deductio. Its for not applicable case.

nikita SHAH (chartered accountant) (194 Points)
Replied 12 May 2019

But when we don't deduct transporters tds we have to report as Nil tds , so on the same line these software purchase transactions are required or not

Zeal Bangdiwala (Partner at N. Gamadia & Co.) (363 Points)
Replied 16 May 2019

Yes they are required to be shown becoz they are excluded from the TDS provisions by way of exemption and not by way of non-applicability. There is a liability to deduct TDS but specific circular exempts the transaction so the same is required to be shown in Return.