How to file revised TDS return
How to File Revised TDS Return: Step-by-Step Guide
In this post, we will discuss how to file a revised TDS return. We’ll cover what a revised return means, the step-by-step process to file it, the documents you need, and a few essential points to remember while making corrections.
Let’s look at each section in detail:
What is Revised TDS Return Filing?
A revised TDS return is filed when there are mistakes in the original return. This may happen if details like PAN, deductee information, TDS amount, or challan details are entered incorrectly. By filing a revised return, the correct information gets updated with the Income Tax Department, which helps the deductee receive TDS credit without any problem.
If wrong details are not corrected, it can lead to penalties, delays, or other tax issues. So, it is always better to file the revised return as soon as possible to stay compliant and avoid fines. Once the corrections are done, the return can be filed online through the TRACES portal.
Step-by-Step Guide for Revised TDS Return Filing
To revise a TDS return, follow these steps:
1. Download the consolidated file from TRACES
Log in to TRACES with your TAN and download the consolidated file for the return you want to correct. This file has all the details of your original return.
2, Open the File in RPU
Install the latest Return Preparation Utility (RPU) from the Income Tax Department. Open the consolidated file in RPU.
3, Make corrections
Check the file and correct mistakes like wrong PAN, challan details, TDS amount or deductee information.
4, Validate with FVU
After corrections, validate the file using the File Validation Utility (FVU) to ensure it is error-free.
5, Upload the revised return
Go to the Income Tax e-filing portal, login, and upload the validated FVU file under the TDS section. Use your DSC if required.
6, Get acknowledgment
Once submitted, you will receive an acknowledgement email confirming the revised return.
Documents Required for Filing a Revised TDS Return
To file a revised TDS return without any trouble, keep these documents ready:
1, TAN and PAN details
Have your TAN (Tax Deduction and Collection Account Number) and PAN (Permanent Account Number) with you. TAN is used to identify the tax deductor, and PAN makes sure the tax credit is given to the right person.
2, Original TDS return acknowledgement number
When you file a TDS return, you get an acknowledgement number. This is needed to make corrections to the proper return.
3, Consolidated TDS file from TRACES
Download the Conso File of your original TDS return from the TRACES portal. It has all the details of your earlier filing and is a must for any correction.
4, Corrected TDS details
Before filing the revised return, check and update:
-
- Correct PAN numbers of deductees
- Exact TDS amounts deducted
- Proper challan details
- Any other mistakes that need fixing
Points to remember While Filing a revised TDS Return
- Online corrections in TDS return are allowed only for PAN, challan details, and for adding, changing or deleting a deductee. You can also add or edit challans. For any other type of correction, you have to visit a TIN-FC centre.
- Only returns filed for the financial year 2007-08 and onwards can be revised.
- To make corrections online, the taxpayer should be registered on the TRACES portal.
- A revised statement becomes valid only after the TIN central system approves it.
- Sometimes, the changes you make need to be submitted more than once before they reflect in the regular statement. Keep in mind that the TIN central system accepts a regular statement only once.
- Also, make sure that the corrections you make are within the limits of the TDS report.
- If any record was earlier disallowed, it should be clearly mentioned while revising.
How to file revised TDS return with Saral
Before filing, there are a few prerequisites:
- Download “Conso file & Justification report” from TRACES.
- Identify the default records from the Justification Report.
Now, follow these steps in Saral to file the correction:
- Choose the correction option for the required Form, Financial Year and Quarter
- Read the Conso file, all records will be shown
- Read the JR file, the default records will appear under their respective category (SP, SD, LP, LD)
- Select the record & mark the appropriate action for correction like (Update PAN, date deduction, pay interest)
- Save the actions & proceed to view the “ Predict defaults”
- If no errors continue to generate FVU file.
With that, we conclude this post. Please leave any questions or comments in the space provided below regarding this, and we are happy to answer them.
