If Assessee has uploaded TDS return but there occur some mistakes while furnishing the TDS statement PAN is wrongly mentioned, short deduction of TDS amount, excess utilization of any challan etc. In that case, the assessee has to do online corrections in the TDS statement on “TRACES” (TDS Reconciliation Analysis and Correction Enabling System).
Steps for Online Corrections in TDS/TCS Statement
Step 1: Log in to TRACES website
Step 2: Go to “Request for correction” under “Defaults” by entering the relevant Quarter, Financial Year, Form Type, and Latest Accepted Token number. The correction category should be “Online”, and the request number will be generated
Step 3: The request will be available under “Track Correction Request” when the request status becomes “Available” Click on Available / In progress status to proceed with the correction and provide information of valid KYC
Step 4: Select the type of correction category from the drop-down as “Challan Correction”
Step 5: Make the required corrections in the selected file
Step 6: Click on “Submit for Processing” to submit your correction (Only available to admin user), and the request can be submitted via Digital signature of an Authorised person.
Step 7: A 15-digit token number will be generated and mailed to the registered e-mail ID
Online Corrections’ List of TDS/TCS
All types of corrections, like “Personal information, Deductee details and Challan correction” can be made using online correction functionality available from FY 2007-08 onwards, depending upon the type of correction.
| Type of Error or Defaults | Correction Type | Available from FY | DSC Required |
|---|---|---|---|
| If the challan is unmatched | Challan correction | FY 2007-08 Onwards | No |
| Add a new challan | Add a challan to the statement | FY 2007-08 Onwards | No |
| To clear the interest and late fee demand payment | Pay 220, interest, levy, late filing | FY 2007-08 Onwards | No |
| To move the deductee row | Request for overbooked challan (move the deductee row from the challan) | FY 2007-08 Onwards | No |
| To update PAN | PAN correction | FY 2007-08 Onwards | Yes |
| To add/modify the deductee row | Add/Modify deductee details | FY 2013-14 Onwards | Yes |
| To update personal details | Personal information | FY 2007-08 Onwards | Yes |
| To modify salary details | Add or delete salary details | FY 2013-14 Onwards | Yes |
Note: For the paper return, online correction cannot be done
Status of Online Correction Requests
- Requested: When the user submits a request for correction.
- Initiated: The request is being processed by TDS CPC
- Available: Request for correction is accepted, and the statement is made available for correction. The user can start correcting the statement. Clicking on the hyperlink will take the user to the validation screen. Once the user clicks on the request with ‘Available’ status, the status of the request/statement will change to ‘In Progress
- Failed: Request cannot be made available due to a technical error. The user can resubmit the request for the same details
- In Progress: The user is working on a statement. Clicking on the hyperlink will take the user to the validation screen
- Submitted to Admin User: Sub-user / Admin User has submitted a correction statement to Admin User
- Submitted to ITD: Admin User has submitted a correction statement to ITD for processing
- Processed: Statement has been processed by TDS CPC (either for Form 26AS or for defaults)
- Rejected: Statement has been rejected by TDS CPC after processing. Rejection reasons will be displayed in the ‘Remarks’ column.
I am doing online correction in Add/Modify Deductee details under All Deductees. After editing the field it is not getting saved i.e; save option is not working. Pls tell me the solution.
Thanks in advance
In the FY 2016-17, AY 2017-18 three FDRs with the SBI the 1st beneficiary is my wife and I am the 2nd beneficiary. The Bank has shown the accrued interest of the FDRs in respect of my wife to my Form 16A instead of the Form 16A of my wife. Consequently my income from other Sources-Bank Interest under 194A has been inflated by Rs.12800/-. The SBI advised me to consult their nominated CA who has uploaded the Quarterly Return. The CA told me that it would take time. If the CA of the Bank does not rectifies the mistakes by 31.07.2017 on behalf of the Bank , will it be possible for me to submit my IT Return online ignoring the excess interest shown in my FORM 16A. There will be mismatch between the interest figure between my figure
and that shown in the TRACES FORM 26AS . I am a Central Government pensioner and my pension is taxable. The pension and the interest are the only sources of my income. Kindly guide me.
how to modify PAN NO through online. I am giving all the details pertains to that Qtr, it is going to file correction after that I am unable to modify the same. Kindly help me out.
Dear Sir
I have tried to do online TDS correction for 26Q after DSC regd. for my a/c. All went well but Edit Deductee details is faded and available to correct the TDS amount for the party to match with challan paid, It is actually 1 rupee diff. Not sure how to correct it.
Dear Sir,
I have paid excess TDS in Q-3 of FY15-16 and adjusted the same amount in Q-4 of FY15-16. But the amount utilised against Q-3 challan is still showing as short payment in default status. In Q-4 return amount showing as Available Balance but not utilising the deductee of Q-4.
Kindly help me out.