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about TDS return

23 June 2019

fy 2016-17 turnover above one crores and taken TAN no but consequences two year turnover less than one crores. my question is whether I have to submit nil TDS return or not

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Gitesh Khona (student) (290 Points)
Replied 23 June 2019

Yes, the deductor has to declare the reason of Non-filing of TDS return for the particular quarter

A NIL Declaration is basically a declaration for non-filing of TDS Statements. This declaration is made by those deductors who were not liable to deduct any tax during the relevant quarter. It is also applicable for deductors who have not deducted tax during any quarter and subsequently did not file a TDS Statement U/s 200(3) of the Income Tax Act, 1961 for any quarter.