How can I revise TDS return through traces?

  1. Overview. -Request for conso file from Traces Portal. -Download the conso file & open in utility.
  2. STEP-1.
  3. Request for conso file from Traces Portal. Login to traces. After login you can see various tabs on the Home Screen.
  4. STEP-2. Download the conso file & open in utility.
  5. STEP-3. Update the correction in utility.

Can we revise the TDS return?

To revise your TDS returns, you will need to have the consolidated file and justification report. The consolidated file, also known as conso file, contains data of the deductions made in a particular quarter and the justification report has information on the errors in the filed TDS return.

How do I submit a correction statement on traces?

Steps for online correction on TRACES is as follows: Login to TRACES website with user ID, password and TAN. Under defaults, choose ‘Request for correction’ Enter relevant Financial Year, Quarter, Form Type whether, Latest Accepted Token number. Correction category should be “Online” and click on ‘Submit’

How can I delete TDS entry in traces?

Request for deductee details correction

  1. List of Default Deductees will appear as per the selected search option.
  2. Select a deductee row and click on ‘Edit Deductee Row’ to edit the deductee details.
  3. Select a deductee row and click on ‘Reset’ to reset the original values.

How can I file revised return online?

In the online ITR form under the ‘General Information’ tab, choose the ‘return filing section’ as ‘revised return’ under Section 139(5) and ‘return filing’ type as ‘revised’. Now enter the acknowledgment Number and Date of filing the original return.

How many times we can revise TDS return?

When you receive your Tax Deducted at Source (TDS) statement, it is important that you go through it very properly. If there are any errors or changes, you have the option of putting the same up for alterations. There is no limit to it.

How can I file offline correction of TDS in traces?

Offline correction

  1. Request and download of Conso File: The consolidated statement or the Conso file has to be requested and then downloaded from the TRACES website.
  2. Read the Conso file to the software: The Conso file downloaded from TRACES has to be read to the software used for correction return filing.

How can I submit TDS correction online?

How to make corrections to TDS returns in Cleartds

  1. Make a request for Conso File and download the same from Clear TDS.
  2. Open the . zip file which contains the Conso File.
  3. Import your Consolidated File to prepare correction statement.
  4. Make any modifications necessary.

How can I revise TDS return through RPU?

Steps to file e-TDS for Revised Return:

  1. Firstly, visit the website- tin.nsdl.com and download the Return Preparation Utility or RPU file.
  2. Once you have logged in, go on to select TDS/TCS and check the consolidated file.
  3. The next step would be to validate your filed eTDS return and verify it.

How can I change my TDS return date?

Step 1 – Login into TRACES website.

  1. Step 2 – Select option Defaults -> Request for correction.
  2. Step 3 – Select the period for which you want to file correction.
  3. Step 4 – A request number is generated by the system.
  4. Step 5 – A list of all the corrections will get displayed along with their status.

Can I revise my tax return?

If you want to make changes after the original tax return has been filed, you must file an amended tax return using a special form called the 1040X, entering the corrected information and explaining why you are changing what was reported on your original return. You don’t have to redo your entire return, either.

How to revise TDs return online, step by step?

Login to the TRACES website. Under the “Defaults” tab select the “Track correction request”. Enter the Request number and the period for which the request has been made. Click “view request” to access the request or “View all” to view all the request. View the status of the Revised TDS Return filing request.

What does traces mean on TDS tax return?

TRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). A Deductor can make corrections for TDS Return filed FY 2007-08 onwards.

How to correction TDS / TCS statement at traces?

Steps for Online Corrections in TDS/TCS Statement Step 1: Login to TRACES website Step 2: Go to “Request for correction” under “Defaults” by entering relevant Quarter, Financial Year, Form Type, Latest Accepted Token number.

Can A deductor make corrections in a TDS return?

A Deductor can make corrections for TDS Return filed FY 2007-08 onwards. For corrections in PAN master, personal information, deductee details and challan details, there is no need to request for Conso file.