Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 December 2013 In case of a company, Is it mandatory to file TDS return even if no TDS has been deducted by the company???

Guest

Guest (Expert)

30 December 2013 refer
http://s3.amazonaws.com/caclubindia/cdn/forum/files/115692_890931_note_on_tds_reporting.pdf

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

30 December 2013 No. Now Nil TDS return can not be filed. TDS return can noyt be filed TDS statement cannot be filed without quoting any valid challan.

Upgrade to CAclubindia Pro. Subscribe Now!

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

30 December 2013 NIL tds return can be filed with nil challan and deductee detals but it is not possible only if there is no deductee details also
********************************

NIL TDS RETURN NOT MANDATORY BUT,,THAT IS ONLY FOR PURE NIL TDS RETURN,,

Kindly refer to below points
.
1)we all knows that TIN-NSDL has released new FVU 4.0 applicable w.e.f. from 01.10.2013 under which it has been specified that
"ETS RETURN HAVING NIL CHALLAN WITH OUT DEDUCTEE DETAILS CANNOT BE FILED"Means ETDS return not possible only for "PURE NIL TDS RETURN"
.
.
2)let me clear,we can say NIL tds returns is two types,
(i)**NIL TDS RETURN WHICH have only NIL AMOUNT CHALLAN AND NIL DEDUCTEE DETAILS(Which can be called as PURE NIL TDS RETURN-which is not mandatory to file)
.***************
(ii)NIL TDS RETURN HAVING NIL AMOUNT CHALLAN AND HAVING DEDUCTEE DETAILS ALONG WITH REMARKS " tag A,B,T,Z,Y."

**HOPE ALL ARE AWARE OF TAGS MENTIONED IN ABOVE POINT
.
.
3)KINDLY REFER TO MY ARTICLE FROM BELOW LINK WHICH CLEARLY CLARIFIES THE NECESSITY FOR FILING TDS RETURNS WITH NIL DEDUCTION ON PAYMENT TO TRANSPORTERS
.
WHICH GOES WITH TAG "T"
.
YOU CAN ALSO REFER TO INCOME TAX RULE 31A,
.
Kindly refer my below article for reference for more understanding
.
https://www.caclubindia.com/articles/inclusion-of-transporters-details-in-tds-returns-are-mandatory-17543.asp#.Umo9GfmnqQA
.
.