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NIL TDS return

swohra (none) (537 Points)

18 May 2010

Dear Members

Is there any Circular or Notification regarding non filing of NIL Return of TDS?

Thanks..

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11 Replies

Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 19 May 2010

To the best of my knowledge even though your TDS return is NIL you need to file the TDS Return.

Sunil

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Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
Replied 19 May 2010

It is better to submitt NIL return to aboide notice from NSDL for not filing of TDS return.

Deepak Tapse (Accounts Manager - Taxation) (1771 Points)
Replied 19 May 2010

It is better to submitt NIL return to avoide notice from NSDL for non filing of TDS return.

(Guest)

there is no need to file nil tds return.but if you want you can file nil return also.the main purpose of tds return is to sumit the pan no. of deductees whose tax is deduted and deposited.if there is no tax deducted or deposited,need for filing return does not arise.altogether filing nil tds return is very simple.

Somaas Kandan (CA Final) (385 Points)
Replied 21 May 2010

In my opinion, no need to file Nil TDS return, if there is not TDS deduction and payments, but Quarter wise return should be compulsorily filed eventhough, no TDS deduction and payments for the respective quarterly period.

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CA. Abhishek K. Pandey (Manager (Advance)) (901 Points)
Replied 21 May 2010

Be safe, file the NIL return.

What's the harm in filing.

TRILOCHAN (SENIOR ACCOUNTANT) (698 Points)
Replied 29 May 2010

no need to file annual return, Quarterly statement is sufficient

Jagdish Bhalia (Practicing CA) (453 Points)
Replied 29 May 2010

No need to file NIL TDS return.

Kumar (Article) (922 Points)
Replied 30 May 2010

Can any of the learned member provide me with the notification / circular no. or link which says that filling of NIL TDS return is not compulsory...

Regards..

Rakesh Bhalotia (Accountant) (97 Points)
Replied 30 May 2010

if you have TAN Number then you have to file quarterly return whether it'll be nil.

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Mukul (CA) (72 Points)
Replied 01 June 2010

There is no such circular regarding non filing of NIL TDS Return, but penalty u/s 272A(2) for non filing TDS return is limited to amount of tax collected or deducted. Hence practically no need to file Nil TDS Return because penalty is NIL.