Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2013 If there are no transactions in a company which requires deduction of TDS than is it compulsory to file NIL TDs Return? What is the date or Notification no. from which it is compulsory to file NIL TDS Returns

CA Chirag Haraniya

CA Chirag Haraniya (Expert)
Follow

22 March 2013 There is no Specific Notification for Compulsorily filing of TDS Returns.

However there are cases when Assessee receives notice for Not filing TDS Returns. In that also they ask for reason for not filing TDS Return. So If you have valid reason then you can answer by writing else you can file Nil return in reply of that notice.

I recommend its better to file Nil Return at least for 26Q & 24Q to avoid such hassle for replies and other procedures.