22 December 2011
Is it now necessary to file NIL TDS Return for the period in which no transaction was done?
Some assessees deduct TDS only in year end i.e. on interest payment. Is it necessary for them to file TDS Return (NIL) for 1st 3 Quarters also? If yes then how it is to be filed?
Rs. 30/- charges per return will also be applicable on them?
22 December 2011
Filing of NIL Form 26Q and 24Q is not mandatory. But in case of 24Q if there is no deduction in the fourth quarter but statements for all or any of the first three quarters were filed, statement for the fourth quarter giving only salary details (Annexure II) should be filed.