FILING OF CORRECTION STATEMENTS AND REVISED RETURN FOR TDS

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Pavel (Querist)
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03 August 2016 Dear Experts, I wish to know what is the procedure for correction of TDS RETURN and thereby filing revised return? Please let me know the steps. Need your help urgently

CA ABHAY GUPTA

CA ABHAY GUPTA (Expert)
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03 August 2016 refer this link https://www.tin-nsdl.com/etds-etcs/faq-etdrevised.php

Pavel

Pavel (Querist)
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03 August 2016 thanks for your reply sir. But I can understand absolutely nothing frpm that link. Visited that link million times before. I had to correct the deductee details in form 26q. I have also downloaded the consolidated file of the regular statement. But when I am clicking on the latest RPU and importing the consolidated file from the regular statements, I am not being able to change the challan details or the deducted details. I wish to know where am I going wrong in this case?

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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24 July 2024 To correct errors in a TDS (Tax Deducted at Source) return filed with the Income Tax Department, you would need to file a correction statement and, if necessary, a revised return. Here’s a step-by-step procedure for both processes:

### Correction of TDS Return:

1. **Identify Errors**: Determine the errors in the original TDS return that need correction. These errors could include incorrect PANs, amounts, challan details, etc.

2. **Prepare Correction Statement**: Use the original TDS return (Form 24Q, 26Q, 27Q, or 27EQ) and prepare a correction statement using a TDS return preparation utility (like NSDL RPU or Saral TDS software). Ensure the correction statement includes only the changes/corrections needed.

3. **File Correction Statement**: Submit the correction statement electronically at the TIN-NSDL website (https://www.tin-nsdl.com). You need to use your existing TAN (Tax Deduction and Collection Account Number) to log in and upload the correction statement.

4. **Verification and Validation**: Once uploaded, the correction statement is verified by the TIN-NSDL system. You will receive an acknowledgment (NSDL-CPC Communication Number) upon successful submission.

### Revised TDS Return:

5. **When to File a Revised Return**: If the errors in the original TDS return are significant and cannot be rectified through a correction statement (for example, incorrect challan details or wrong financial year selection), you may need to file a revised TDS return.

6. **Prepare Revised TDS Return**: Use the appropriate form (24Q, 26Q, 27Q, or 27EQ) to prepare the revised return using the correct details. Mention that it is a revised return in the appropriate field of the form.

7. **Submission of Revised Return**: File the revised return electronically using the same procedure as for the original return. Log in to the TIN-NSDL website with your TAN and upload the revised return.

8. **Acknowledgment**: Upon successful submission, you will receive an acknowledgment (NSDL-CPC Communication Number) for the revised return.

### Additional Considerations:

- **Time Limit**: Corrections and revisions must be done within the time limits prescribed by the Income Tax Department.
- **Penalties**: Late filing or incorrect filing of TDS returns may attract penalties and interest under the Income Tax Act.
- **Verification**: After filing, it's advisable to verify the status of your correction statement or revised return to ensure it has been processed correctly.

By following these steps, you can correct errors in TDS returns and ensure compliance with the Income Tax regulations. If you're unsure about any specific details or forms, consulting with a tax professional or contacting the TIN-NSDL helpdesk can provide further assistance.