The deductor is not required to file TDS returns if no payments have been made using that particular form unless instructed to do so by the IT Department or National Securities Depository Limited (NSDL). Only if tax has been deducted at source, there will be a requirement to file a quarterly TDS Return. In cases when no tax has been deducted at source, there is technically no requirement to file a quarterly TDS Return/Statement. NSDL further holds the opinion that filing a NIL return is not at all required if the deductor has not withheld any tax at source or if there have been no transactions for a specific time period.