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.
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.
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..
Sir, please provide me the deatils of IT ACt / Rules for submission of NIL TDS return.
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)
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
S agree with Amir
Nil Return should be filed quarterly....i don't think any notification regarding Annual return has come....
hey in which section it says to file TDS rertun NIL..............If i have not deducted Tax why to file Return...........
Nil TDS return is not mandatory
CAclubindia
