Revise TDS Return Online

There is no limit to the number of times you can correct your TDS Return, and there is no specific deadline for revision. As soon as you discover an error, it is advisable to file a correction return.

Revising your TDS Return is important to ensure seamless credit to the person whose TDS is deducted.If you have received any notice from the income tax department for short payment of TDS, you will need to revise your TDS Return by correctly filing a TDS statement. 
This return should contain all the details of the TDS that you have deducted and deposited for that particular quarter. In case of errors, such as entering a wrong PAN or date or failing to deduct the correct amount of tax, you may need to file a TDS correction or revision.

Filing Buddy offers a user-friendly service to help you revise your TDS Return with ease. Our experts ensure that your TDS Return is error-free and complies with all the regulations set by the Income Tax Department of India. You can trust us to make the necessary revisions and help you avoid any penalties or legal issues. Contact us today to revise your TDS Return and stay compliant with the tax laws.
 

Quick Checklist:

• Acknowledgment receipt of the original return
• Your Tax Deduction and Collection Account Number (TAN)
• Details of the deduction made
• Challans of TDS payment
   

TAN & Challans

To get started, you require your Tax Deduction Account Number (TAN) and proof of TDS payment. TAN is a unique alphanumeric code issued by the Income Tax Department. If you have made an online TDS payment, you can obtain the Challan 281 acknowledgment receipt from your bank's website. By providing us with these two pieces of information, we can help you with your TDS filing needs.

Step 1: Request for Consolidated File from Traces Portal

1. Login to Traces and go to the statements or payment tab.
2. Select the urge for conso file option and provide details of the financial year, quarter, and form for the return amendment.
3. Fill in the original return token number, challan details, and deductee details, and submit the request for the conso file.
4. To check the status of your conso file, go to the download tab and look for the requested download. The status will show as furnished, and once available, you can download the conso file.

Step 2: Download the Conso File and Open it in the Utility

1. Download the conso file from the Traces portal and extract the zip file using the TAN number followed by the request number as the password.
2. Open the TDS  file in the software or RPU utility available in tinnsdl.com's download section.
3. Opt for the form for which the conso request was furnished and import the conso file. The import should succeed.

Step 3: Renew the Correction in the Utility

1. After the successful import of the conso file, you will see 4 tabs: Form, Challan, Annexure-I (deductee details), and other services for TIN.
2. To make corrections, go to the Challan tab and choose the renewed option in column No. 2. You can utilize the available balance in column No. 23.
3. To add a new deductee, go to the Annexure-I tab and use the add row option. Fill in the necessary details.
4. At the bottom, click on the button to make the file. You will be prompted to upload three files: CSI file, Error/Upload & Statistics reported file, and Conso file path. Choose the directories where these files are saved and generate the FUV file.
5. If any errors occur, go to the error-generated file and resolve them.
    

Step 4: Upload in the "E-filing" portal

1. Log in to the E-filing portal using your TAN.
2. Go to the TDS tab and select Upload TDS.
3. Enter the original return token number and proceed.
4. Upload the FVU file and complete the necessary information. If your DSC is not enrolled, you can use Aadhar OTP.
5. The Form 27A can be submitted at the TIN-FC center if you are not enrolled in the e-filing portal.

Due Date

The filing of a TDS revision return does not have a specific due date, so it can be submitted at any time. Nevertheless, if you have received a notice from the income tax department, adhering to the deadline specified in the notice is crucial.

Credit of TDS

If you file your TDS Return incorrectly, your vendor will not receive credit for the TDS deducted. However, if you file the TDS Return correctly, your vendor will receive the appropriate credit for the TDS deducted

Justification File

The notice for TDS demand does not provide a specific explanation for the notice. To know the particular reasons for the default, the deductor must download a justification report from the TRACES website. This report includes all relevant details related to the TDS demand notice.