Revise TDS Return Online

Filing an accurate TDS return is crucial. Errors in TDS returns can lead to penalties, delays in refunds, and notices from the tax authorities. If you have made a mistake in your TDS return, you can revise it online to avoid compliance issues.The Income Tax Department allows businesses to revise their TDS returns online to correct errors. Let’s explore the process and how Filing Buddy can simplify it for you.

A TDS return is a statement that businesses or employers file every quarter to report the tax deducted from payments like salaries, professional fees, and rent. This report is submitted to the Income Tax Department to keep records of tax deductions.

However, mistakes can happen while filing a TDS return, such as:

• Wrong PAN details of the deductee (the person whose tax is deducted)
• Incorrect tax amount deducted
• Errors in Challan details
• Incorrect deduction section codes

These errors need to be fixed by revising the TDS return. 

Before revising, it’s important to identify the mistakes in your original return. Some common errors include:

• Wrong PAN details: If the deductee's PAN is incorrect, their TDS credit won’t reflect in their tax records.
• Mismatch in Challan details: Incorrect challan numbers or amounts can cause processing issues.
• Wrong tax amount deducted: If you deduct less or more TDS than required, it needs to be corrected.
• Incorrect section code: TDS rates differ based on income type. If you use the wrong section (e.g., 194J for professional fees instead of 194C for contractor payments), it needs to be fixed.
• Late filing errors: Filing TDS returns after the due date results in penalties and needs rectification.

If errors in your TDS return are not corrected, it can lead to: 

• Penalties – The Income Tax Department may impose a fine of up to ₹1,00,000 for incorrect PAN details.
• Interest Charges – Under-deducted tax leads to additional interest payments.
• TDS Credit Issues – Deductees won’t be able to claim their TDS credit, causing inconvenience.
• Processing Delays – Refunds or further tax assessments may be affected.

That’s why filing a revised TDS return is crucial.

Follow these simple steps to correct your TDS return online:

Step 1: Check the Mistakes

First, download your filed TDS return and cross-check all details. You can do this by logging into the TRACES (TDS Reconciliation Analysis and Correction Enabling System) portal.

Step 2: Get the Consolidated (Conso) File

• Visit the TRACES website (www.tdscpc.gov.in).
• Log in using your TAN (Tax Deduction and Collection Account Number).
• Request a Consolidated File (Conso File) – This contains all the details of your original TDS return.

Step 3: Download the File and Open in the RPU Software

• Once your Conso File is available, download it.
• Open the file using the Return Preparation Utility (RPU) software provided by NSDL.
• Make the required corrections in the file.

Step 4: Validate and Generate the Revised Return

• After correcting the errors, validate the return using the File Validation Utility (FVU).
• The FVU will generate a .fvu file, which is required for submission.

Step 5: Upload the Revised TDS Return

• Log in to the TIN-NSDL website (www.tin-nsdl.com).
• Select the correct financial year and form type.
• Upload the .fvu file along with the digital signature certificate (DSC).
• Submit the revised return.

Step 6: Track the Status

After submission, track your request by:

• Logging into TRACES.
• Checking under the Correction Status tab.

There is no fixed deadline for revising a TDS return, but it should be done as soon as errors are identified. However, to avoid penalties and ensure compliance, consider these guidelines:

• Before the end of the financial year – It’s best to revise the return before the financial year closes to avoid complications.
• Before processing by the Income Tax Department – If the original return has been processed and tax credit statements are generated, revising late may cause mismatches in deductees’ records.
• Within one year from the end of the financial year – If the return has errors, corrections should ideally be made within this period to prevent penalties.

Important: Late revisions may attract penalties under Section 234E (₹200 per day) and Section 271H (up to ₹1,00,000 for incorrect returns not revised in time).

Here’s what you should know about penalties:

• Late Filing Fee: ₹200 per day (under Section 234E) until the return is filed, subject to a maximum of the TDS amount.
• Incorrect PAN Penalty: ₹10,000 to ₹1,00,000 (under Section 272B) for incorrect PAN entries.
• Interest on Late Payment: If TDS is deducted but not deposited on time, interest at 1.5% per month applies.

• Double-check PAN details before filing.
• Use TDS calculation tools to avoid deduction errors.
• Verify challan payments before submission.
• File returns on time to avoid late fees.
• Use automated accounting software to minimize mistakes.

At Filing Buddy, we understand that tax compliance can be overwhelming. Our expert tax professionals ensure that your TDS return filing and revisions are smooth and error-free. Here’s how we help:

• Quick PAN & Deductee Corrections
• Automated Error Detection & Reporting
• Assistance with TRACES & NSDL Portals
• Seamless Revised Return Filing
• Timely Updates & Notifications to avoid penalties

With Filing Buddy, you never have to worry about TDS compliance again!

Mistakes in TDS returns can happen, but the good news is that they can be corrected online. By following the step-by-step process above, businesses can revise their TDS returns easily and avoid penalties.

If you need expert help in revising your TDS return, Filing Buddy is here to assist! Our professionals ensure hassle-free TDS filing and corrections, so you stay compliant with tax regulations.

Need help with TDS return correction? Contact Filing Buddy today!

1. What is TDS Return Revision?

TDS Return Revision means correcting errors in a previously filed TDS (Tax Deducted at Source) return. If you’ve made mistakes in PAN details, deduction amount, challan details, or deductee information, you must revise your TDS return to avoid penalties.

2. When should I revise my TDS return?

You should revise your TDS return as soon as you identify errors, especially before the due date for the next quarter. Common reasons for revision include wrong PAN numbers, incorrect tax amounts, or unmatched challans.

3. How can I revise my TDS return online?

To revise your TDS return online, follow these steps:

• Download the consolidated file (Conso File) from the TRACES portal.
• Make corrections in the return using a TDS software like RPU (Return Preparation Utility).
• Validate the file with FVU (File Validation Utility).
• Upload the corrected return on the TIN-NSDL website.

4. Is there a time limit for revising a TDS return?

There is no specific time limit, but you should revise your TDS return before the end of the financial year or as soon as the error is detected to avoid penalties and interest.

5. What are the common errors in TDS returns that require revision?

• Wrong PAN details of deductees
• Incorrect TDS deduction amounts
• Challan mismatches or incorrect challan details
• Incorrect section under which TDS is deducted
• Non-inclusion of deductee details

6. Are there any penalties for errors in TDS returns?

Yes, if your TDS return contains errors, you may face:

• ₹200 per day late fee under Section 234E
• Penalty of up to ₹1,00,000 under Section 271H if the return is incorrect and not corrected within one year
• Interest charges on the late deposit of TDS

7. How many times can I revise a TDS return?

There is no limit on the number of times you can revise a TDS return. However, frequent revisions may delay processing and increase compliance risks.

8. What happens if I don’t revise my TDS return?

If you don’t correct mistakes in your TDS return, you may face:

• Interest and penalties from the Income Tax Department
• Mismatched TDS credits for deductees, causing problems in their ITR filing
• Rejection of the return, leading to compliance issues

9. Can Filing Buddy help with revising TDS returns?

Yes! Filing Buddy simplifies the process of TDS Return Revision by:

• Identifying errors in your TDS return
• Preparing revised returns accurately
• Filing corrections with the Income Tax Department
• Ensuring timely compliance to avoid penalties

10. Why should I choose Filing Buddy for TDS return filing and revision?

Expert assistance for error-free TDS return filing.

Fast revisions to prevent compliance issues.

Hassle-free process so you don’t have to deal with TRACES & NSDL.

Affordable pricing for businesses of all sizes.