Annual e-TDS return is mandatory ?

Annual statement of tax deducted or collected or paid.

Rule 31AB. of Income Tax Rule

[The Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems)] shall deliver,—

(i) to every person from whose income the tax has been deducted; or

(ii) to the buyer referred to in sub-section (1) or, as the case may be, to the licencee or lessee referred to in sub-section (1C) of section 206C from whom the amount has been collected; or

(iii) to every person in respect of whose income the tax has been paid,

[a statement referred to in section 203AA or the second proviso to sub-section (5) of section 206C, in Form No. 26AS by the 31st July] following the financial year during which taxes were deducted or collected or paid.]

Returns are to be filed as prescribed .As prescribed by Income Tax Rules .Rule 31AA of the Income Tax rule prescribes for quarterly e tds returns only

Friends, If I remember correct there was a recent official word from the IT depart on: NIL return is not mandetaory. Am I correct.

hai,

 

it is not mandatory