At the time of paying salary TDS for 2017-2018 i was mentioned wrongly Assessment year that is 2019-2020 so i have to correct this. please help how can i change this? what is due dates ? please help urgent
5 Replies
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 04 May 2018
log in to traces : > statement / payment tab> Request for OLTAS Challan Correction
ujjaishravan
(accountant)
(212 Points)
Replied 06 May 2018
not required to correct it..... you can still use the challan for FY 2017-18
TRACES allows deductor to use a challan , pertaining to a particular assessment year, for previous assessment year or current assessment year or next assessment year.
in your case, you need to use the challan for AY - 2018-19, and you have a challan of AY 2019-20,
so dont waste time in correcting the challan, proceed to file...
filing of form 24Q for fourth quarter is the worse part ever in TDS filing. So please file it as soon as possible.
Poonam
(Accountant)
(79 Points)
Replied 07 May 2018
so can i use this challn for financial year 2017-2018?
Mahesh Bingi
(Tax return preparer)
(462 Points)
Replied 07 May 2018
Yes Poonam ji.. Paid for FY 2018-19, so you can consume the same challan for FY 2017-18, 2018-19 & 2019-20 also without any doubt or correction.
Thanks, Mahesh
ujjaishravan
(accountant)
(212 Points)
Replied 08 May 2018
Yeah., Sure., please go ahead. wiht the existing challan Poonam ji.
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