Process of TDS Declaration for not filing TDS Statement/NIL Declaration

Process of TDS Declaration for not filing TDS Statement/NIL Declaration

Process of TDS Declaration for not filing TDS Statement/NIL Declaration

TRACES introduced a new process for NIL return filing of TDS from the FY 2014-15. This is applicable for deductors who did not deduct any tax during the relevant quarter. Therefore, did not file any statement for deduction of tax at source u/s 200(3) of the Income Tax Act’1961

Follow the steps given below for NIL Declaration.

Go into Online Activity → Traces Activity



Now Click on "NIL Declaration Filing for a Statement"

 


Now select the details for Form Type (24Q,26Q,27Q,27EQ)  and select reason of NIL Declaration and click on Add button 




Then enter the Username and Password to login on the traces website.


Auto redirect on traces website, enter the Verification code and then log in.


all required detail for NIL Declaration filling  will be fetched automatically on the Traces site for  



Hope this Helps 


    • Related Articles

    • ExpressTDS || Correction Return Filing Process

      Process to Validate, Upload and E-File a Correction Return in ExpressTDS Step 1: Log In and Access Deductor Master Visit https://www.expresstds.com/ and log in with your credentials. Navigate to the Deductor Master section. Select the deductor or ...

    • ExpressITR || Form 10IEA Filing Process

      Applicability of Form 10IEA Form 10IEA is applicable to individuals, HUFs, AOPs (not being cooperative societies), BOIs, or Artificial Juridical Persons with income from business or profession. It allows taxpayers to opt out of the new tax regime and ...

    • ZenTds || How to process TDS correction returns validation errors 'Mark Nil'

      How to process TDS correction returns validation errors 'Mark Nil': Solution: The reason for this error is that instead of marking 'Nil' in the Deductee Entry, you have manually cleared the details in the deductee entry. If you want to mark any ...

    • ZenTds || Offline Correction process for TDS return

      Process for offline correction for 24Q, 26Q, 27Q & 27EQ from TDS software: The correction from the TDS software can be processed once you have the consolidated file (.tds file). How to request and download the consolidated file through the software: ...

    • Process to generate TDS Return (Salary / Non Salary / Non Resident / TCS)

      TDS, or Tax Deducted at Source, is a mechanism established under the Income Tax Act to ensure a steady collection of taxes from various income sources. In this system, any company or individual making a payment is mandated to deduct a certain ...