CA Sandeep Kanoi

Till recently TDS deductor were use to submit TDS return for a Quarter even if they have not deducted and paid any TDS for a specific Quarter. If Assessee do not have any TDS liability for a specific quarter and he still submits a TDS return such Return is called NIL TDS Return.

CBDT has not made  provided that “TDS statement can not be filed without quoting any valid challan and deductee row. “  Which implies that Nil TDS return is no more permissible.

Earlier Asssessee use to submit NIL TDS return to avoid penalty for late Filing of TDS Return as they use to revise the return post filing of Nil Return. Now the same is not possible. A good move by the CBDT!! The move also clear confusion about Filing of NIL TDS return and it is clear now that Tax Deductor are not required to file NIL Tds return.

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Qualification: CA in Practice
Company: Taxguru / Sandeep Kanoi & Associates
Location: Mumbai, Maharashtra, IN
Member Since: 27 Feb 2017 | Total Posts: 712
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0 Comments

  1. Vinay Patel says:

    Dear Sir,

    I am en employee in private company. my monthly salary is 10,150rs. I required Form no.16 but may company’s A/c manager said to me you not file TDS return so i not generate From no.16 on govt. web site.

    so, please tell me what is the procedure to file NIL TDS. and what is the time period or month to file NIL TDS. therefor is get Form No. 16 from my company.

    Thanking You.

  2. mahesh maisuria says:

    Dear Sir,
    I am now retired. I have invested in mIS Rs.9,00,000 and monthly income is Rs.6300/- in joint husband & wife name. I want clarification that This can be computed in income and exemption, if any.

    mrmaisuria

  3. ramesh says:

    can i deduct tds on the salary in Q4 in spit of month. if employees getting 35000 per month and His total TDS is Rs. 12000 for the year. Could i deduct total 12000 TDS in march. and file Q4.
    If yes than i need to file nil tds return of Q1, Q2, Q3.

  4. ramesh says:

    i m ramesh sonkar,
    I m accountant in school,
    should i deduct tds on the transport charges, if no
    than should i file nil tds return

  5. Sabiha says:

    R’spected Sir,
    I want to know whether TDS return for only non- deduction of transporters and interest has to be filed. There are no other enteries in the relevant quarter.

  6. Shiv Kumar Agrawal says:

    There is no TDS on Transport Charges . Whether, the transporter should file NIL TDS return showing all transactions with PAN for payment made to transport broker and Lorry Owners.In this case TDS amount is NIL but there are so many payments bearing 0% TDS rate.Please guide.

  7. Srinivas GVA says:

    Sir,

    Being a Banker, as per our HO instructions, we have to file 26Q returns even the TDS during the quarter is NIL. Accordingly, we have filed NIL return for Q1. Do we need to file such NIL return for Q2 also? How to report the details of Form 15 G/ Hs submitted by the customers to the Bank? Where can I get the Department Circular / notification / press communique to submit to our HO that such filing is not necessary? I am following these notifications and I understand that filing NIL returns is not necessary now, but I have to supplement my stand to my HO.
    Please guide me

  8. Akash jain says:

    Sir, what will happen in case of Filling NIL TDS return but their are information regarding form 15G & 15H, like ABC Firm has 5 deposits and all the depositors submit form 15G that whether TDS return to be filled or not.

  9. B.K.GUPTAS says:

    FINE ENOUGH NO NEED TO FILE NIL TDS RETURN. PLEASE CLARIFY THE FOLLOWING:-

    1. ANY CIRCULAR/NOTIFICATION/PRESS RELEASE WITH RESPECT TO NO NEED TO FILE NIL
    TDS RETURN.

    2. WHAT WILL HAPPEN SUPPOSE 2ND QR. NIL TDS RETURN. AS PER CURRENT PROVISION NO
    NEED TO FILE NIL TDS RETURN. COME 3RD.QR. THERE MAY BE TDS/LOWER RATE
    CERTIFICATE/ 15G/15H/ZERO RATE CERTIFICATE. DEDUCTOR HAS TO FILE 3RD.QR. TDS
    RETURN. THE NEW FORM IS ASKING FOR 2ND QR. RECEIPIT NUMBER AND DATE. NOW
    WHERE DEDUCTOR IS STANDING?

    1. Venkata Krishna says:

      Nil returns to be submitted for categories falling under threshold limits. In case lower deductions, exemption certificates are mandatory.

  10. Venkata Krishna says:

    Yes it is good move, because,

    1. because to file correction returns atleast 3 pan and deduction details to be mentioned for downloading latest .tds file. If nil return is filed it will be difficult to download .tds file.

    2. Secondly, hence forth, deductors should maintain date wise tds returns filed apart from fy wise records. because we need to provide latest PRN (irrespective of year and form). Date wise returns filed will be help full.

    3. Thirdly, tds deduction on salary, average tds to be deducted from the month taxable amount of the assessee exceeds exempted amount i.e Rs.2.00 lakhs. For e.g assessee’s taxable income crosses Rs.2.00 during august, then

    a. should the deductor file NIL return for april to july and for august to march he has to file returns with deduction details (in q4 need to file salary details also). Is it possible to file TDS nil returns for april to july. Because it is necessary to avoid late filing penalty. Morover, salaries employees always insist on total paid amount during the fy should reflect in their form 16. Need clarification.

    Regards

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