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2013

Filing of “NIL” TDS return no more

Till recently TDS deductor were submitting TDS return for a Quarter even if they have not deducted and paid any TDS for a specific Quarter, called NIL TDS Return.

CBDT has now provided that -
TDS statement cannot be filed without quoting any valid challan and deductee row.
Which implies that, Nil TDS return is no more permissible.

 

Earlier Assesses 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.

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