How to file revised TDS return ?
TDS mean tax deducted at source it is deducted at the time of income earned. The government is able to generate revenues by implementing the provisions of TDS on the earnings of individuals as well as businesses. Rules and regulations regarding TDS are controlled and governed under the Income Tax Act, 1961 .A TDS Return is a summary of all the transactions related to TDS made during a quarter. TDS Return is a quarterly statement submitted by the deductor to the Income Tax Department. The statement shows a summary of all the entries for TDS collected by the deductor and the TDS paid by the deductor to the Income Tax Authority.
When any error or mistake occurred in TDS return filed it need to correct it. A fresh TDS return is easy to file but revised TDS return is difficult to file because there is lot of procedure to collect information that is need to file revised TDS return.
If there is normal error like
PAN error, section error etc
Login on trace TDS
enter user id and password
click on statement/payment menu
select request for conso file
select financial year
select quarter
validation part will open
enter token no( TDS return file No. for relevant quarter of relevant year )
Enter BSR code
enter date of challan payment
enter challan no.
enter challan amount
enter three PAN no with Maximum TDS amount in a maximum TDS amount in a challan for relevant quarter of relevant year
Example
There is three challan
1.Rs.10,000
2.Rs.4,000
3 Rs.8,000
you should take challan Rs,10,000
Choose there PAN with maximum TDS amount
example
PAN with TDS
1. 2500
2. 1000
3.5000
4.850
5.650
Select
PAN 3 Rs.5000
PAN 1 Rs.2500
PAN 2 1000
click on proceed button
after successfully
You should click on download Manu
Click on requested download
if file is available
select it and download
go for correction
file revised TDS return with NSDL
IF there is demand ( need to pay additional amount)
Frist you pay the short deduction amount
after 4 to 7 days you should check
on NDSL challan status
If challan is available
Login on trace TDS
enter user iD
password
select defaults menu
request for correction
after validation
add that challan
after two or three days
Login on trace TDS
enter user id and password
click on statement/payment menu
select request for conso file
select financial year
select quarter
validation part will open
enter token no( TDS return file No. for relevant quarter of relevant year )
Enter BSR code
enter date of challan payment
enter challan no.
enter challan amount
enter three PAN no with Maximum TDS amount in a maximum TDS amount in a challan for relevant quarter of relevant year
Example
There is three challan
1.Rs.10,000
2.Rs.4,000
3 Rs.8,000
you should take challan Rs,10,000
Choose there PAN with maximum TDS amount
example
PAN with TDS
1. 2500
2. 1000
3.5000
4.850
5.650
Select
PAN 3 Rs.5000
PAN 1 Rs.2500
PAN 2 1000
click on proceed button
after successfully
You should click on download Manu
Click on requested download
if file is available
select it and download
go for correction
file revised TDS return with NSDL