If a taxpayer has made an unintentional mistake while paying tax, there is a way to fix the challan details which have already been generated with the inaccurate data. It is very important because, In the presence of such errors, the taxpayers will not be able to get the tax credit. Before knowing the process of rectifying all the mistakes we should first know about the types of mistakes.
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Major Mistakes People Make in TDS Challan
- TAN Number
- Assessment Year
- Major Head code
- Minor Head Code
- Nature of Payment
- Total Amount
- Name
Procedure to Rectify the Mistake in TDS Challan
TAN Number: If the taxpayer has deposited the tax in any other TAN then he is not able to rectify the challan. There are two modes available for correction which are mentioned below:-
| S.no | Tax Deposit Method | Authority to Correct |
|---|---|---|
| 1 | Online challan Deposit (e -payment) | Involved Assessing Officer (AO) |
| 2 | Physical challan deposit in the bank | Bank-If rectification request is received within 7 days from challan deposit |
| After 7 days – Concerned Assessing Officer (AO) |
Steps to Submit an Application to the Concerned Assessing Officer for TAN correction:
- In case the challan is paid via online mode, the taxpayer can approach their respective Assessing Officer of the I-T Department.
- Write an application to the concerned Assessing Officer on the taxpayer’s letterhead for correction of TAN number in the challan submitted.
- Document required to attach with the application
- No objection Certificate (NOC)
- Affidavit
- Tan Number Certificate
- Copy of challan
- Id proof of the taxpayer
- Then submit the application with all required documents to the concerned Assessing Officer of the I-T Department.
Read Also: Easy Process to Verify Bulk PAN & TAN on New Tax Portal with FAQs
Steps to Request Bank for TAN Correction:
- The taxpayer has to submit a request form to their respective bank.
- This request must be made within 7 days of Challan’s submission.
- Bank will reject any rectification request submitted by the taxpayer after the time limit specified above.
- Attach a copy of the original challan.
- If there is more than one challan, a separate request form has to be submitted for each challan.
- If the taxpayer is other than an individual then the authorization letter of the authorized person should be enclosed with a seal.
- The form for correction in the TDS challan will be provided by your respective bank.
Assessment Year, Major Head, Minor Head, Nature of Payment
If the taxpayer selects the wrong assessment year, major head, minor head, nature of payment while depositing tax, he/she will also be able to make corrections through the TRACES portal. Please follow the steps given below to make corrections in the challan.
- Visit the website https://www.tdscpc.gov.in/
- Login TRACES id
- After logging in, click on the Statement/Payments tab and select Request for OLTAS Challan Correction, and proceed.
- After proceeding you have to enter the challan details for which OLTAS correction is to be submitted.
- Challan Detail must Cover –
- BSR Code
- Date of Deposit
- Challan Serial Number
- Challan Amount
- Fill in the required details of the challan and proceed.
- From tabs select the type of correction and make the required modification with drop-down and then click on submit button.
- Now, you will gain a request number to track the status of the correction submitted.
- Your correction requests will be processed in a day.
Total Amount and Name
If the total amount or name on the challan has been entered incorrectly by the bank at the time of submission of the challan, the bank can rectify the same within 7 days at the request of the taxpayer. It is only possible in the case of a physical challan submission.
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Extra But Important to know
- No objection certificate (NOC) has to be brought from the TAN holder in which the taxpayer has deposited the wrong tax by mistake.
- Minor Head: If a taxpayer is:
- A Company= 0020
- A Non-Company= 0021
- Major Head:
- 200= TDS/TCS Payable by Taxpayer
- 400=TDS/TCS Regular Assessment
- Minor Head is related to the taxpayer, whereas the major head is related to the type of payment.
