Question ID :
39300
FILLING OF 26Q IN CASE OF NIL TRANSACTIONS
A PERSON HAD NO TRANSACTIONS DURING 1ST QUARTER.SO NO PAYMENT WAS THERE AND NO DEDUCTION OF TAX ?? WHICH FORM SHOULD HE FILL FOR QTR 1 ??
Posted by
SUDIP KUMAR MUKHOPADHYAY
on
Jul 21, 2019
Filed Under
TDS/TCS
No Return is required to be filed in
Posted by
CA. BISHT RAKESH on
Jul 23, 2019
Answer ID :
79073
As per IT Rules it is not required to file NIL return however it is advisable for a deductor to file a NIL declaration of TDS statement on TRACES.
Posted by
CA. LONIKAR SHASHIKANT ACHYUTR on
Jul 29, 2019