Deductors will not be able to file nil-returns after new File Validation Utilities (FVU 4.0 & FVU 2.136) are made applicable. This is because it is clearly stated in the new rules that It is mandatory to have deductee records in the nil-challans.
Deductors will not be able to file nil-returns after new File Validation Utilities (FVU 4.0 & FVU 2.136) are made applicable. This is because it is clearly stated in the new rules that It is mandatory to have deductee records in the nil-challans.
we have filed tds on salary of director for q1 and filed tds return also. but the returns for q2,q3,q4 were not filed as there was no salary. how to generate form 16 from traces.
Daer sir,
i have deducted tds in every month( From april13 to march14) but not paid and not filed any tds return.
plz sujjest me whether i have to file all quarter returns or only last quarter return.
how to file nil form 24q, whether no tds deducted on salary.
Dear Sir,
Whether levy of fee u/s234E of Income Tax Act,1961 can be waived? Or
It is mandatory to pay the levy fee ?
Dear Sir,
To the best of our knowledge this can¢t be waived off.
what abt penalities when nil returns are not filed which is 200 rs per day
Dear Sir,
There is no penalty for nil returns as it has been discontinued.
HOW CAN WE FILE NIL RETURNS???? WHAT SHOULD MENTIONED IN NIL RETURNS?
Whether NIL TDS returns is mandatory if the payments made to vendors is less than the prescribed limit in the respective quarter. We were filing though TDS provisions were not are applicable due to threshold limit.
Now for not filing in 24Q returns the department has sent notice to one of our clients. How it is relevant when there is no TDS deducted as the number of employees to whom salary is paid is well below the basic exemption limit.
Dear Madam,
Please check the notice. As per our understanding your evaluation is correct.
Kindly provide the circular or notification no of the above mentioned rule.
Dear Sir,
Please refer to the link provided: https://blog.tdsman.com/2013/09/key-features-fvu-version-4-0/
I tried to e-file nil return for a government deductor for 24Q2 FY 2013-14 as they pay tax only on 4th quarter. but failed because of non deduction certificate number could not be given.
Dear Madam,
We are not able to understand your query. Please do contact us at (91 33) 64596006, 22623535
How to file etds return of NIL etds of F.Y.13-14 2nd Qtr ? (no transaction during the quarter) pls reply
Dear Sir,
Nil returns has been discontinued.
We do not have any deductee since last 4 quarters.
Understand so long as the business entity is not shut, TDS returns have to be filed.
How do we file deductee records when they are not there at all?
Dear Sir,
You don’t need to file.
how can we file the nil returns through new File Validation Utilities (FVU 4.0 & FVU 2.136)
Dear Sir,
Filing of nil returns has been discontinued.
Assuming that we have a nil return this quarter as per the above we do not file the same. In the next quarter assuming similar RPU structure we would need to file the return – in the space for PRN of previous quarter then will ‘N’ be accepted for creation of FVU file and will the same be accepted by the Dept.
Dear Sir,
You have to provide PRN No. of last accepted return.
WE ARE FILING NIL RETURN PMANUALLY WHETHER FILING AGENTS WILL NOW ACCEPT THE SAME ?
Nil challans/transfer vouchers need to mandatorily have deductee records with flag ‘A’, ‘B’, ‘Y’, ‘S’, ‘T’ & ‘Z’ (as applicable) in the remarks for lower or non-deduction.
sir,
to whom ‘A’, ‘B’, ‘Y’, ‘S’, ‘T’ & ‘Z’applies?
Dear Sir,
These are the reasons wherein you deduct Less or No TDS on the amount paid. Ex – T- Payments to Transporters, S – Payments to Software Vendors etc.
Then how can we file the nil returns