Step by step guide for TDS correction return filing
A guide for TDS correction return filing
In this post, we will discuss the Step by step guide for TDS correction return filing. Asn well as the online and offline corrections and some other things that you need to know.Let’s see each section in detail:
Steps for TDS correction return filing
- Check for defaults: Check the defaults raised for the quarter after the regular statement is filed. Checking can be possible through Quarterly Statement Status after 3 working days of return filing.
- Request and download the Justification report: To know on the actual defaults that are raised, request and download the Justification Report from TRACES. To know more about the Justification Report, click here.
- Identify the defaults: Read the Justification Report and identify the defaults that are raised for the statement.
- Identify the type of correction to be filed: On knowing the defaults, select the type of correction to be filed. The types of correction return filing are:
- Online Correction: Correction filed through TRACES
- Offline Correction: Correction filed through Software
Types of correction return filing
Online Correction
The TDS challan must be corrected online using ‘TRACES’ (TDS Reconciliation Analysis and Correction Enabling System). To register on TRACES and request an online challan correction, a digital signature is required.
The following are the steps for online correction on TRACES:
- Use your user ID, password, and TAN to access the TRACES website.
- Choose “Request for correction” under defaults.
- Fill out the relevant financial year, quarter, and form. Write whether, Latest Accepted Token number. Online should be the correction category, then select “Submit.”
- Click on ‘Go To Track Correction Request’ under Defaults once again, input the Request number or Request period, and then click on ‘View Request’ or ‘View All Requests’.
- When the request status changes to ‘Available,’ click on the Available / In process status to continue with the correction.
- Give correct KYC details
- Choose “Challan Correction” as the type of correction category from the drop-down menu.
- Make the necessary Correction to the selected file.
- To submit your correction, click “Submit for Processing.”
- A generated 15-digit token number will be delivered to the registered email address.
Offline Correction
All types of corrections except Addition of New challan can be done through offline correction. This mode of correction is generally used when the digital signature is not registered in TRACES login for doing online correction.
The steps to file offline correction is as given in the following:
- 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.
- Do the required changes: Do the relevant corrections as identified in the Justification Report.
- Generate correction return file: Generate the output files required to be filed at TIN-FC or be uploaded to the ITD website.
- File the return: The filing of a correction return will be done similar to the filing of regular return filing.
- Track the correction filed: Once you file the correction, check the status of the statement filed for any defaults.
Things you need to know
- You can file a Correction return any number of times.
- The control totals of the amounts paid and collected as TDS must be clearly stated. It must be the same in all forms, including Forms 27A, 24, 26, and 27.
- In all forms, include the correct Tax account number or TAN. The TAN number, as well as the name and address of the deductor or employer, should be properly mentioned on each challan separately.
- There is no time limit for correction return filing.
- If the TAN in the statement filed is wrong, then contact the concerned Assessing officer for correction in TAN.
- Addition of new challan (C9) correction can be possible only through online correction mode.
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