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TDS Returns

preety B (1 Points)

26 May 2019

Is It mandatory to file Nil TDS Return?

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7 Replies

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
Replied 26 May 2019

yes

nitin (account) (127 Points)
Replied 26 May 2019

if I filed for last qtr 24q, 26q, 27eq, 27q. but in current qtr I filed only 24q, 26q as there was no any transactions for 27eq& 27q, so is it necessary to file nil for 27eq & 27q

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
Replied 26 May 2019

yes.it is advised to file.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 26 May 2019

It is not mandatory to file nil TDS return if you have not deduct TDS for any quarter. However you have to file a declaration for non filing of TDS Return. The Deptt. has introduced a new functionality in the TRACES site wherein the persons who are not required to submit a return of TDS due to non applicability in any particular quarter shall have to submit a Declaration for the same on TRACES. Procedure for filing of Nil TDS return/ declaration for non filing of TDS statement is given below: 1. Login through your registered id at www.tdscpc.gov.in (TRACES site) 2. Go to “Statement/Payments TAB after login > Declaration for Non filing of TDS statement

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
Replied 26 May 2019

yes. i agree with sir.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 26 May 2019

It is not mandatory to file nil TDS return if you have not deduct TDS for any quarter.

However you have to file a declaration for non filing of TDS Return.

The Deptt. has introduced a new functionality in the TRACES site wherein the persons who are not required to submit a return of TDS due to non applicability in any particular quarter shall have to submit a Declaration for the same on TRACES. Procedure for filing of Nil TDS return/ declaration for non filing of TDS statement is given below:

1. Login through your registered id at www.tdscpc.gov.in (TRACES site)

2. Go to Statement/Payments TAB after login > Declaration for Non filing of TDS statement