Is it necessary to file NIL TDS return (quarterly, both for Individual & Co.). I have also heard from a friend that quarterly return now changed into annually from 01-06-2009. I have filed only 24Q& 26Q. Please reply along with IT notification.
subhajit (Sr. Accountant) (162 Points)
05 January 2010Is it necessary to file NIL TDS return (quarterly, both for Individual & Co.). I have also heard from a friend that quarterly return now changed into annually from 01-06-2009. I have filed only 24Q& 26Q. Please reply along with IT notification.
Amir
(Learner)
(4016 Points)
Replied 05 January 2010
Dear Subhajit,
Yes it is mandotory to file nil TDS return for all assessee's.
As far as new annual returns are concerned, i don't think that depatment has notified anything in regard..So as of now quarterly reutns are being filed..
Hopefully department will soon come up with the rules/notifications..
subhajit
(Sr. Accountant)
(162 Points)
Replied 05 January 2010
Sir, please provide me the deatils of IT ACt / Rules for submission of NIL TDS return.
Amir
(Learner)
(4016 Points)
Replied 05 January 2010
Dear Subhajit,
I DON'T THINK IT IS WRITTEN ANYWHERE, THIS THING IS MANDATED BY PRACTICAL LIFE SINCE AT THE YEAR END U HAVE TO FILE ANNUAL RETURN WHICH WILL NOT BE POSIIBLE UNLESS U HAVE FILED THE RETURN OF ALL 4 QUARTERS( EVEN IF NO TRANSANCTION WAS THERE)
Gaurang Desai
(CA FINAL & CS Inter Student)
(123 Points)
Replied 13 January 2010
as pew the law u need not to file nil return ,but for the safer side files the return because it cost u very less
& for latest updates in the filing software of TDS regularly visit to www.tin-nsdl.com
C.Balaji
(Learner)
(1867 Points)
Replied 13 January 2010
S agree with Amir
Nil Return should be filed quarterly....i don't think any notification regarding Annual return has come....
CA Radhika Arde
(Chartered Accountant)
(67 Points)
Replied 13 January 2010
hey in which section it says to file TDS rertun NIL..............If i have not deducted Tax why to file Return...........
CMA Ramesh Krishnan
(Cost & Management Accountant)
(71474 Points)
Replied 13 January 2010
Nil TDS return is not mandatory
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