Home » TDS » Revised Guidelines for filing eTDS Correction Statement

Revised Guidelines for filing eTDS Correction Statement

eTDS Correction statements are to be filed to rectify any error / omission in the original statement. The need to file eTDS  correction also arises because of 85%/ 95% valid PAN requirement for filing eTDS statement.

Recently NSDL has released revised guidelines for filing of correction statement. These guidelines can be viewed by typing the link http://www.tin-nsdl.com/RevisedReturns.asp

Why file eTDS Correction ?

  • In case of deficiencies in the accepted regular TDS/TCS statement such as incorrect challan details or PAN not provided or provided incorrectly, the tax credit will not reflect in the Form 26AS of the deductees in your statement.
  • “To facilitate correct credit in Form 26AS of the deductees you are required to remove deficiencies, if any, in the accepted regular TDS/TCS statement by filing a correction statement.”

What cannot be corrected ?

  • TAN, Form no., quarter, FY and A.Y quoted in a regular statement cannot be updated by furnishing a correction statement.
  • For this file a cancellation statement , followed by a new regular statement.

Before you file Correction Statement

  • Provisional receipt of the corresponding accepted regular statement should be available.
  • .fvu file of the corresponding accepted regular statement should be available
  • Check the status of the regular statement on the TIN website by entering the TAN and PRN. correction statement should be prepared only if the corresponding regular statement has been accepted at the TIN central system.

Correction in Challan Record

  • You can add a new Challan
  • Deletion of a Challan is NOT ALLOWED
  • Update of  a challan is based on the Status of Challan Online
Status of Challan Correction
Booked Correction cannot be done
Match Pending Correction in CIN can be done
Match Failed Correction in Challan Amount can be done

Correction in Deductee Records

  • You can add new deductee, update details of a deductee and delete a deductee
  • Updation of a valid PAN to another valid PAN can be done only once

Correction in Salary Record

  • You can add a salary record and delete a salary record

Online TAN Registration

NSDL has started facility of online TAN registration.

The benefit of online TAN registration is availability of

  • view of the status of all statements filed;
  • download of consolidated quarterly e-TDS / TCS statement for preparation of correction statement

The online simple registration process will ask for

  • TAN , PAN of deductor
  • Contact details of deductor
  • Acknowledgement No of any eTDS Statement filed after 01-04-2008

On submission Ackonwledgement Number will be generated



4 Comments

  1. Kishore says:

    TDS deposited 1.75 lacs u/s 94J and Sec195 in 2013-14 Q2.
    1. PAN was not updated in 26Q. Since rate was 20% returns generated with Flag “C”. Whether Assessing Office has right to delete the entry from regular return submitted for 26Q

  2. rpy says:

    In wrongly account year I have added one challan and now i want to delete that and want to add in another year , what is the solution ? NSDL call centre people telling to contact TDS Assessing officer

  3. Ashok KV says:

    In case i have done correction and the error report shows “Updation of a valid PAN to another valid PAN can be done only once” then how can i correct the error so that the return gets booked. pls advice

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 1,604 other followers

%d bloggers like this: