Many times we face this situation that we have filed TDS returns for salary i.e Firm 24Q and then we realized that there are changes in salary details. So in such situation most of people gets confused as how to deal with this situation? Is correction in these details are possible after filing of the TDS returns and if yes how we can correct it? Hence today I am writing this article which will help you to understand the process for correction or revision in salary details of E-TDS return if it is already filed. So, let’s get started.
Yes. You can update a salary detail record.
You can update salary details viz; Name and PAN of employee, salary amount, deductions etc. Steps for updating salary record are as under:
Yes. You can add a salary record..
You can add a new salary records as per following procedure.
1. Maintain the sequence of the new challan record in continuation to the sequence number of the last challan as per regular statement and add details of challan in this record..
Example Regular statement filed by you has three salary records and you wish to add one more salary record
2. Add new salary record.
Yes. You can delete a salary record.
Steps for deleting a salary record are as under:
No, the fields TAN, Form no., quarter, FY and A.Y quoted in a regular statement cannot be updated by furnishing a correction statement
While preparing a correction statement, the record to be updated/deleted is required to be identified by its sequence number as well as values of certain fields as per regular statement. List of fields used for identifying a record are as under:
The correction statement should contain values of the fields referred to above as per regular statement along with the corrections made. Once the correction statement is received at TIN central system, the values of the identification fields are verified with the corresponding values as per TIN central system.
If the values match, the correction statement will get accepted. If the values do not match, the correction statement will get rejected at the TIN central system.
Example: If the value in the field Last Bank challan no. (i.e. challan no. as per regular statement) in the correction statement does not match the corresponding details as per the regular statement in the TIN central system, the correction statement will get rejected for the reason “Last Bank challan serial number of the correction statement is not matching with corresponding statement details available at TIN Central system”.
Once the challan is updated with status ‘Booked’ modifications or rectifications to the details of the said challan are not allowed. As a result any correction TDS/TCS statement with modifications/rectifications on a booked challan will get rejected at the TIN central system.
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(Republished with Amendments by Team Taxguru)