Article explains Important Information on Online Correction, Most Common Error While filing Online Correction, Brief Steps for Online Correction – Resolution for Overbooked Challan (Movement of deductee row), Status of Online Correction Requests and Process for Online Correction Resolution for Overbooked TDS/TCS Challan.
Online Correction-Resolution for Overbooked Challan (Movement of deductee row)
All type 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
This feature is extremely useful as it is :
Free of Cost :TRACES does not charge any fee for doing online correction
Time saving: No need to request for Conso file and wait for file availability. Just raise a request and you can select the type of correction you wish to proceed with. Correction gets processed in 24hrs
Effort saving: No need of any software/ CD/PEN drive , just login and file the correction
Enhance efficiency: Error specific correction is possible
Note: For paper return online correction cannot be done
Most Common Error While filing Online Correction (Contd.)
This feature enables deductor to move deductee rows from one challan to another challan having balance in correction statement
For example, If Challan 1 gets overbooked by Rs. 10000 and challan 2 is available with balance of INR10000 or more, Deductor can easily move overbooked deductee rows upto INR 10000 from challan 1 to Challan 2 by filing online challan correction
Login to TRACES
Online Correction Request Flow
Online Correction Request Flow-View submitted request
Available Status -Request for correction is accepted and statement is made available for correction. User can start correction on the statement. Clicking on the hyperlink will take user to validation screen. Once user clicks on request with ‘Available’ status, status of request / statement will change to ‘In Progress‘
In Progress Status-User is working on a statement. Clicking on the hyperlink will take user to validation screen
Digital Signature supported KYC Validation contd. (Step 1)
Digital Signature supported KYC Validation contd. (Step 2 & 3)
After validating the DSC, one time KYC page will be displayed for the FY+Qtr+From Type combination which has been selected by the user.
Digital Signature supported KYC Validation contd. (Step 4 & 5)
Note: ‘Signing data with your private exchange Key’ will not displayed if security level has been chosen as medium/ low during installing DSC in browser/hard token and ‘applet window’ (as shown in the next screen) will appear directly.
Digital Signature supported KYC Validation contd. (Step 6 & 7)
Digital Signature supported KYC Validation contd. (Step 8) -KYC of the FY+Quarter+Form Type selection in step 2 will be displayed
Token Number Details (Contd.)
Notes for Validation Screen:
Authentication Code Screen
Challan Correction –Movement of deductee row
Challan Correction- overbooked challan
Movement of deductee row -matched challan
Note: deductee rows can be moved to a existing challan in the statment with sufficient available balance or a newly added challan in the statements.
List of challan with available balance in the statement will be displayed
Action Summary –Submit to Admin User
Above Screen will be appeared in case correction submitted by Sub-user
Request will be submitted to Admin user . Sub-user cannot submit the correction from ‘ Correction Ready for Submission’.
Sub-user should only be able to view statements saved by them
Action Summary-View Edited Statement
Both Admin User and Sub-user can able to view statements saved by them
Action Summary-Admin User Login
Action Summary-Submit For Processing
Admin User needs to attached the digital signature and submit the correction
Action Summary- Attach Digital Signature
Action Summary –Token Number Generated
Note: Note down the Token Number for future reference.