Please Help: TDS return
Posted Date : 02-Feb-2015 , 11:32:07 am | Posted By Lotus Choudhary
Whether NIL TDS return filing is mandatory??
and what about return in case of Transporter payment having NIL TDS?
and what about return in case of Transporter payment having NIL TDS?
Category : Income Tax | Answers : 9 | Comments : 6 | Hits : 342
Answers
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Answer By: CA Satuti Mahajan
yes, its mandatory.
Comments
Alok Kushwaha
04-Feb-2015 , 12:18:56 pmAs per income tax rules, nil eTDS statement is not mandatory, but the department will not able to find out the difference between the following two types of deductors. Deductors required to file return but not filed. Deductors not required to file return. Hence, A new facility has been started in TDSCPC website to update declaration for non filing of TDS statement for deductors. Deductors can update status of TDS/TCS statement to non-filing online after login at TDSCPC website. The benefit of this facility is that instead of filing nil TDS/TCS return for a particular quarter/period, one just need to update the status to non filing of return. After updation of status, TDSCPC website server will not sent any notice for non filing of TDS return.
Adil Malik
05-Feb-2015 , 06:21:01 pmNo, Nil TDS return is not mandatory as per I.Tax rules but you are required to file declaration for non filing of tds statement on traces
Lotus Choudhary
06-Feb-2015 , 10:24:47 ambut whether tds return filing is mandetory in case of payment made to transporter whitout deducting TDS?
Lotus Choudhary
06-Feb-2015 , 10:26:29 amif nil tds return filing is not mandatory than why I have to file declaration?
ATIT D. SHAH
06-Feb-2015 , 10:37:35 amYes, you have to file TDS return if you have made payments to transporter with their Pan No., However if you do not have any liability of TDS Payment including payments to Transporter you are not required to file TDS return but just a declaration of NIL Data. (Reason for the same is department may get idea whom to issue notice and whom to not, if you have filed nil declaration they will not issue any notice for non filing else they will issue notice for non filing and default will be generated in name of your client.
Aditya Goel
19-Feb-2015 , 10:01:21 pmpractically you should file the NIL return and in case of transporter you need to file the NIL return as liability of filing return arises even if the amount is nil due to exception.