Tds return 26 q

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Rajesh Topiwala (Querist)
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08 August 2012 Is it compulsory to file 26 Q Return, even if there is no TDS ( No TDS deductee liable to TDS ) in a year or quarter ? Is there any provision to file NIL Return ?

CA Vikas Kumar Sharma

CA Vikas Kumar Sharma (Expert)
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08 August 2012 The obligation to file quarterly TDS Return arises only if tax has been deducted at source. Legally there is no need to file Quarterly TDS Return/ Statement where no tax has been deducted at source. NSDL is also of the view that it is not at all compulsory to file NIL return, if deductor has not deducted any tax at source or if there is no transaction at all for a particular period.