How to file Nil Return

      13 Comments on How to file Nil Return

Nil return can be divided into two categories:

1.  Nil eTDS return which have only Nil amount challan and no deductee details (We will refer it as a pure Nil eTDS return)

2.  Nil TDS return having Nil amount challan and having deductee details also with remarks tag “A ” , “B” ,”T” ,”Z”,”Y”

First type of return i.e. pure Nil eTDS returns has been dispensed with and cannot be filed on or after 01.10.2013 but second type return still can be filed even after 01.10.2013 with FVU 4.0.

The Codes shown above have specific purposes which has been described as under:

  • Write “A” if “lower deduction” or “no deduction” is on account of a certificate under section 197.
  • Write “B” if no deduction is on account of declaration under section 197A.
  • Write “T” if no deduction is on account of deductee being transporter. PAN of deductee is mandatory.[section 194C(6)]
  • Write “Z” if no deduction is on account of payment being notified under section 197A(1F).
  • Write “Y” if no deduction is on account of payment below threshold limit specified in the Income-tax Act, 1961.

So to create a Nil tds return after 01.10.2013 have two steps:

Step -1: Enter challan details 

  • create a Nil amount challan (Check How to create Nil amount challan here) as you have done previously or
  • Enter  any challan with amount deposited start date of financial year one year before the current financial year .You can enter challan deposited on or after 01.04.2012 for financial year 2013-14 (as per FVU 4.00 after 01.10.2013)

Step-2: Enter at least one deductee details

  • With any one tags code  A B T Z or Y  as describe above
  • A ,B & Z need certificate number also ,so that can be entered only if you have certificate number  issued by ITO TDS
  • Code-T is to be mentioned for payment made to transporter without deduction of tds under section 194C(6)
  • More important is Code Y ,which is not mandatory ,but can help us in creating Nil eTDS return. With Y TAG you can enter payment under any tds section where cut off amount has been defined and you have paid/credited amount less than cut off amount and no TDS has been deducted on it.

Note: Please note that while creating the eTDS return for a Given quarter you can enter deductee details from start of the financial year to end date of the given quarter. The same rule applies on deductee entries with above tags also. So in quarter -2 for FY: 2013-14, you can enter any entries dated 01.04.13 to 30.09.2013.

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13 thoughts on “How to file Nil Return

  1. Manoj K. Modi

    For Marking TAG ‘B’, there is no compulsion for mentioning the Certificate No. issued by ITO-TDS. For Example where Form 15H is issued by Payee, we need to mark ‘B’ and no requirement of Certificate No. to be filled in since the same is not available.

    Regards
    Manoj K. Modi
    9896195565
    Rewari

    Reply
  2. SHANKAR

    Note: Please note that while creating the eTDS return for a Given quarter you can enter deductee details from start of the financial year to end date of the given quarter. The same rule applies on deductee entries with above tags also. So in quarter -2 for FY: 2013-14, you can enter any entries dated 01.04.13 to 30.09.2013.

    CAN YOU EXPLAIN IT WITH AN EXAMPLE?

    Reply
  3. PS GHOSH

    what to do with pure NIL e-tds Return? e.g. if there has not been any payment( say for QE 01.10.13 to 31.12.13) of amount and simultaneous TDS, what to be done?

    is non-filling of e-tds Return an option?

    Name:PS Ghosh,Address:Rupnarainpur.
    capsghosh@gmail.com

    Reply
  4. Tapas Nayak

    Dear Sir,
    I am already filed NIL TDS Return for the F.Y.2012-13. But at the time of finalisation we have found that some figures are escaped by our staff and TDS was not deducted. Now before we finalise the Balance Sheet we are deducted all the TDS and deposited with interest. Now we are trying to revise them, but the consolidated file is not downloading from the TRACES site. Kindly suggest us what is the proceidure to revise such type of Return.

    Tnaks & Regards.
    Tapas Nayak
    Bhubaneswar,Odisha.
    Mail.: rkpatraco@yahoo.com

    Reply
  5. Sudip

    Dear Sir,

    How can we file pure nil tds retun for Q.E 01.10.13 to 31.12.13?

    During this period no payment has been made.

    Regards

    Sudip

    Reply
  6. hitesh

    our company not deduct tds for 1st 3 quarter and only tds deduct in Q4 form salary tds 24Q hence we are not filling tds return form 1st quarter to 3rd quarter fy 2013-14 & 1 & 2nd quarter of 2014-15, please suggest me i m right,

    Reply
  7. Jaswant

    Respected one

    May I file any nill ITR by myself without help CA or advocate or their attest

    If yes then reply link to study more to how.
    I clearly want to say that may we save filling charges so that a normal person may file himself nil return to full fill his normal documentation to avail some schemes or plans.

    Reply
  8. nethravathi

    I want to file Nil return for 26Q4 what elese we have fill please tell me,
    Now I prepared it is correct

    Reply
  9. Manmatha bagchi

    Dear sir,
    in A.y 2016-17 we have not file tds return for transporter along with declaration now in we want file tds return in along with declation for nil payment.now please say what charge for interest and panelty for filling this return.please rply.

    Reply

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