How can I file TDS correction?
How can I file TDS correction?
How to make corrections to TDS returns in Cleartds
- Make a request for Conso File and download the same from Clear TDS.
- Open the . zip file which contains the Conso File.
- Import your Consolidated File to prepare correction statement.
- Make any modifications necessary.
Can we rectify TDS return online?
The TDS Reconciliation Analysis and Correction Enabling System (TRACES) of the Income Tax Department allows online correction of already filed TDS returns. This is a hassle-free system that does away with the lengthy process of filing the revised return.
How can I file TDS correction offline?
Offline correction
- Request and download of Conso File: The consolidated statement or the Conso file has to be requested and then downloaded from the TRACES website.
- Read the Conso file to the software: The Conso file downloaded from TRACES has to be read to the software used for correction return filing.
How can I revise TDS return online through traces?
- Overview. -Request for conso file from Traces Portal. -Download the conso file & open in utility.
- STEP-1.
- Request for conso file from Traces Portal. Login to traces. After login you can see various tabs on the Home Screen.
- STEP-2. Download the conso file & open in utility.
- STEP-3. Update the correction in utility.
What is C2 correction in TDS?
Types of Corrections in TDS Returns
| Type of Correction | Description |
|---|---|
| C2 | Revise challan details like challan serial number, BSR code, challan tender date, challan amount |
| C3 | Update, delete or add deductee or employee details |
| C4 | Add or delete salary detail records |
| C5 | Revise the PAN number of the deductee or employee in salary details |
How can I check my TDS correction status?
Status of e-filing of TDS Statement by your deductor
- Step – I. Visit https://www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml.
- Step – II. Enter the Captcha code and click on Proceed.
- Step – III.
Can return be revised after processing?
If your income tax return has been processed and you have availed a refund, a revised return can be filed if it is filed within the specified due date. If the ITR form has to be changed, a revised return can be filed.
Can we revise TDS return?
To revise your TDS returns, you will need to have the consolidated file and justification report. The consolidated file, also known as conso file, contains data of the deductions made in a particular quarter and the justification report has information on the errors in the filed TDS return.
Can TDS return be revised after due date?
As there is a provision u/s 139(5) for expiry period of filling income tax return and on another side there is no provision for expiry period of filling revise/corrected TDS return, creates the problem for deductee facing income escape assessment & concealment penalty.
What is C1 correction in TDS?
The C1 correction is applicable for all corrections done in the deductor details except for the TAN number. If the PAN number is wrong, or the deductor’s name or the address gets messed up, the C1 correction type is generated.