Sunday, February 6, 2011

NIL ETDS RETURN-NIL AMOUNT CHALLAN -HOW TO CREATE


on Sunday, February 6, 2011


Nil ,Etds can be easily prepared with Free etds software /Paid software .For this you have to create a NIL amount challan and leave blank the deductee details.and How to create Nil challan detail is given below.

But before you reading the detail ,you may be interested in ,whether NIL etds statement is Mandatory to file . The answer is no ,It is not mandatory .(read details here) .

However as you may know that now,we have to report non deduction of transporter entries in Etds statement .If  person has deposited a  challan related to section 194C then it is easy to enter transporter details in it ,However if no challan is there then he has to add a nil value challan in etds return u/s 194C for purely for transporter entries. Same is the case where firms has non deduction certificate under various section . In all such cases we have to fill a NIl value challan . Details to create NIL value challan is given below.


Field Value
Value
Serial No. (Column no. 401)
1
Section Code(Section Relevant to the Nature of Payment)
From DropDown Menu
Amount Fields i.e. TDS,Surcharge,Education Cess,Interest and Others(Column no. 403 to 407)
0.00 (Zero)
Cheque / DD number (Column no 409)
Blank
Date on which tax deposited (Column no. 411) last day of respective quarter e.g. for quarter 4
31/03/2006
Transfer voucher / Challan serial No. (Column no. 412)
Blank
Whether TDS Deposited by Book Entry ?(Yes)/(No) (Column no.413)
Blank
Interest Rs
0.00 (Zero)
Others Rs
0.00 (Zero)

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  1. in new TRACES system, while registering, they are asking details of deductee.

    Now what if the last filed return was NIL return?

    What to put in deductee details?

    ReplyDelete