07 December 2013
With effect from 01.10.2013 new version of FVU i.e. 4.00 is published by the TIN-NSDL in place of FVU 3.7 with latest new key features. The latest FVU Ver. 4.00 contains "NIL" TDS/TCS Return but while generating validation through FVU Ver. 4.00, TDS/TCS statement can not be filed without quoting any valid Challan or deductee row. It means that NIL TDS Return no needs to submit TDS/TCS Return and thus cpc has also released important instructions on 07.10.2013 in the interest of deductors about submission of TDS/TCS return...
07 December 2013
Dear author . . nil tds return not mandatory . . Reasons can be find here with,
1)FAQ of NSDL website says nil tds return not mandatory . ****2)as per new FVU utility it is *not possible to file return with nil challan and nill deductees so we can also support from here that nil tds return not possible
3)Nil TDS return NOT MANDATORY . Kindly refer Subrule 1 to rule 31A . words used was (person responsible to deduct tax) . 4)subsection 200(3) also supports us in the same manner . . Also refer below article . http://www.simpletaxindia.net/2013/10/whether-nil-return-of-tds-is-mandatory.html
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