Tds returns

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 January 2014 While making the payment of TDS for the 2nd Qtr.,of F.Y.2013-14 I have wrongly mentioned the A.Y.2013-14, instead of A.Y.2014-15. How can it be rectified under traces. Pls. Explain.

CA.Sourabh Sethia

CA.Sourabh Sethia (Expert)
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07 January 2014 if you have paid by physical challan you have to apply in format prescribed for making correction to the bank through which you paid the challan

The fields that can be corrected by the Taxpayer through Bank are tabulated below:

PAN/TAN Within 7 days from challan deposit date
Assessment Year Within 7 days from challan deposit date
Total Amount Within 7 days from challan deposit date
Major Head Within 3 months from challan deposit date
Minor Head Within 3 months from challan deposit date
Nature of Payment Within 3 months from challan deposit date

format for correction
http://www.incometaxindia.gov.in/archive/LeftMenu_ChallanCorrectionMechanism_26082011.pdf

For rectifications in challans paid through online mode (internet challan) , taxpayer may contact their concerned Assessing Officer (AO) of the Income Tax Department (ITD).