FILE NIL TDS RETURN ONLINE

This article is applicable to all persons having the TAN No. (for TDS deduction purposes)

Currently, if there is no TDS to be deducted, no action is taken in terms of filing TDS return for the particular quarter.

Due to this practice of non-intimation, the Income Tax department has been finding it diificult to differentiate between the following two types of deductors.

1. Deductors required to file return but not filed.

2. Deductors not required to file return due to NIL TDS

Henceforth,the Deptt. has introduced a new functionality in the TRACES site wherein the persons who are not required to submit a return of TDS due to non applicability in any particular quarter shall have to submit a Declaration for the same on TRACES.

Procedure for filing of Nil TDS return/ declaration for non filing of TDS statement is given below:

1. Login through your registered id at www.tdscppc.gov.in ( TRACES site)

2. Go to “Statement/Payments TAB after login > Declaration for Non filing of TDS statement (as shown in the image below).

Please remember that  your single company may have taken multiple TAN at different location of India in the past. The Tax manager should now find all unused TAN and try to surrender the same.  till the time same not surrendered, please file nil TDS return.