Sandeep Ahuja & Co.

Established in the year 1986, we are a leading chartered accountancy firm based in Delhi & NCR rendering comprehensive professional services which include statutory audit, internal audit, direct tax, transfer pricing, GST, bank audit, propriety audit, cost accounting, internal financial controls and risk advisory.

Friday, September 5, 2014

TAN Holders have to make declaration for non filing of TDS statement or file Nil TDS return

Now, Income Tax Department has introduced a new Utility / function  in the TRACES site wherein the persons having the TAN No. but are not required to submit a return of TDS because of there is no payment where they are liable for tax deduction or  for any other reason they are not liable for tax deduction in any particular quarter shall have to submit a Declaration for the same on TRACES.
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. 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.  After that  Schema was given by the CBDT wherein ‘TDS statement could not  be filed without quoting any valid challan and deductee row. Which implied  NIL TDS Return not to be filed.
 The Income Tax department has been finding it difficult to identify the deductor who are required to file return but not they have not filed or  the Deductors not required to file return due to NIL TDS.
Now, declaration is to be filed by the Assessees who are having TAN number. The procedure for filing of Nil TDS return/ declaration for non filing of TDS statement is as follows:
1.  Login through your registered id at 
 2.  Go to “Statement/Payments TAB after login >

3. Submit> Declaration for Non filing of TDS statement 
Contributed by CA Rahul Singhal

No comments:

Post a Comment