Once you have filed your TDS returns with NSDL, you might realise that there is an error in the returns. This errors can be because of various reasons like incorrect deductions or incorrect challan details or incorrect PAN details of a deductee. Whatever might be the case, the TDS return will have to be revised.
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. Once you have both files, follow the step-by-step process below to revise TDS returns on ClearTDS.
Did you know that ClearTDS flags potential notices and errors at the time of filing returns so that you won’t need to later revise the TDS returns? Use ClearTDS to file error-free TDS returns.
The following steps will show you how to revise returns on ClearTDS.
Log in to your ClearTDS account from here.
You will see a list of deductors. Select the deductor you want to work on by clicking on the ‘Work on this deductor’ button.
A pop-up window will appear where you will need to select the TDS return particulars like TDS form type, financial year and quarter. Once you have made the selections, click on the ‘Work on this TDS return’ button.
In the next page, scroll down to the TRACES & Correction Statements section and click on the ‘Prepare Correction Statement’ button.
To begin preparing a correction statement, choose and upload the relevant consolidated file. Remember to upload an unzipped consolidated file.
In the next page, scroll down to the TDS Return Details section and click on the ‘View and Edit Deductions’ button.
You will be presented with a list of Tax Deductions from the uploaded consolidated file. From the justification report you would be able to figure out the errors, which you can edit and correct here.
Once the corrections have been made, click on the ‘Save and go back to Dashboard’ button the bottom of the page.
In the next page, scroll down to the Prepare e-TDS Return section and click on ‘Generate TDS Return (FVU File)’ button.
In the next page, click on the ‘Save and Continue to FVU Generation’ button.
Once that is done, your TDS return will be ready. You can download the FVU file and submit it to TIN-FC on your own or directly e-file your TDS return on ClearTDS.
This is how you can revise TDS returns on ClearTDS. For any further queries, reach out to us by sending an email to firstname.lastname@example.org.