Revised TDS Return
Revised TDS return helps in correction or rectification of some information that erroneously entered in the form while filing a TDS return for a particular year. With the help of a designated website provided by TRACES (TDS Reconciliation Analysis and Correction Enabling system of the Income Tax Department), one can easily do error rectification filled in the TDS form. It includes details about your PAN number and Challan entries. It can be easily verified and corrected with the help of TRACES. The available website for rectification of errors in the return form is https://contents.tdscpc.gov.in/.
Who is responsible?
It is the Income Tax Officer’s duty to do the registration of valid details of the taxpayer in the TRACES System (registered website of the government). You will receive a login id along with a password, once the registration process has been completed. The login id and password so received will help you to rectify or correct the required information.
Steps to give request for correction of TDS Return
Step 1: The taxpayer first needs to log in to the official webpage of the TRACES system available at the www.tdscp.gov.in by entering the User ID and password. After that, he will have to enter TAN or PAN number details and punch in the text displayed on the verification code box.
Step 2: After completion of the above step, the taxpayer redirected to a Landing Page. Under this, the user needs to click on the’ Defaults’ tab and select the ‘Request for Correction’ option displayed on the webpage.
Step 3: Post that, the taxpayer needs to submit a Correction Request Note. The User must ensure that he or she uploaded a scanned digital signature along with a note at the time of applying changes or corrections in TDS return forms with the help of TRACES.
Step 4: User needs to give various details such as the financial year about the TDS has been filed, quarter, form type along with correction category and last token number. After entering all the details correctly, the user must click on the’ Submit Request Tab’. It helps in raising a request for correcting return online to an already filled TDS return.
Step 5: User must check if any kind of error message might appear on the screen owing to reasons such as incorrect search criteria entered, duplicate request raised or failure on the part of the user to submit a statement or an invalid token number entered.
Step 6: The User needs to keep in mind that he or she can file a correction request if and only if a regular statement has been filed and processed and that all the prior rectifications about the statement has been successfully processed.
Step 7: If correct and valid credentials provided by the user, then the system will raise a request number and provide the same to the user. This number will help in tracking the correction request status for the user.
Steps involved in tracking revised TDS return request
Step 1: Login to the official website of the TRACES system. After that, click on the ‘Defaults’ tab and then select the ‘Track Correction Request’ option displayed on the web page.
Step 2: Enter the Request number received by him previously or, he may also enter the request raised period. After entering the valid details, he or she needs to click the ‘View Request’ option to view his requests. He may also select the ‘View All’ option in case he wishes to view all requests raised by him.
Step 3: The user may check the requests put by him. In case the user is an admin and wishes to view a request put forward on behalf of a sub-user, then he may do so by following the same procedure.
Step 4: The user may view the entire submitted request and track the status of the request.
Steps involved in completing the correction or rectification process
Step 1: The user needs to visit the TRACES website and check the rectification status. If the status is ‘ Available’, then the user may freely proceed with the correction.
Step 2: The user needs to make sure that he enters the correct token number received by him along with the statements about the Return.
Step 3: Once, the entered credentials are being validated and authenticated by the Income Tax department, the modification process of the Challan or PAN details are commenced.
Key points to remember while filing a TDS return
- Online revisions are possible only for statements that are issued post financial year 2007-08.
- Online revisions are allowed only for PAN number and Challan alterations. Any other kind of revision to be made to the return should be done through TIN-FC.
- The taxpayer needs to register with the online portal- TRACES for facilitating the online rectification of the TDS form.
- The alterations made in the TDS return statement should be provided multiple number of times to make the changes in the regular TDS report, whereas, THE TIN Central system acknowledges a regular statement only once.
- TIN Central system accepted only the statements which are rectified and are valid and considerable.
- The user needs to make sure that all changes or rectifications must be according to the accepted changes in the TDS report.
- The record which was previously overruled must be ascertained by the user.
- The required rectifications to be made should be entered into the record.
Partially Accepted Statements
Many times, the rectified statements show status as being ‘Partially Accepted’. The user, in this case, needs to follow the below-mentioned steps:
The user needs to make sure that all the rectifications should be updated concerning the accepted records in the TDS report.
The user must update the correct PAN number in his or her statement as soon as he or she is denied getting any remuneration due to giving wrong PAN Card details.
