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Now that you have paid tax deducted to the account of Central Government, what if there is any inadvertent mistake while making payment such as choosing wrong assessment year, choosing a wrong major head code, entering the wrong amount, wrong PAN / TAN etc and challan is already generated? Such errors lead to no tax credit situation for the deductee. The tax department does understand that such clerical errors are unavoidable and has provided for a mechanism to correct such errors. Let us understand the procedure to correct errors in TDS challan. Challan correction can be carried out either online or offline.
A new challan correction mechanism for correction of physical challans has been prescribed for payments made on or after 1st September 2011.We have provided below list of challan corrections that can be carried out and who is authorised for such correction:
|SI No.||Fields in which correction to be made||Authority to correct||Time limit for correction through bank|
|1||PAN/TAN||Concerned assessing officer in case of online challans. Collecting bank* / assessing officer in case of physical challan||Within 7 days from challan deposit date|
|2||Assessment Year||Within 7 days from challan deposit date|
|3||Major Head code||Within 3 months from challan deposit date|
|4||Minor Head code||Within 3 months from challan deposit date|
|5||Nature of payment||Within 3 months from challan deposit date|
|6||Total Amount||Within 7 days from challan deposit date|
|7||Name||Concerned assessing officer in case of both online and physical challans||NA|
*Challan correction by the bank is subject to following conditions:
After the time limit to approach the bank for challan correction expires, a taxpayer can make a request for correction to the concerned assessing officer, who is authorized under the OLTAS application to make such correction in challan data in bonafide cases, to enable credit of the taxes paid, to the concerned taxpayer. Other steps are similar to approaching a bank as above.
Online correction of TDS challan has to be carried out on ‘TRACES’ (TDS Reconciliation Analysis and Correction Enabling System). Digital Signature is mandatory to register on TRACES for requesting online challan correction.
Steps for online correction on TRACES is as follows:
** Status of correction request can be any of the following:
|Requested||When the user submits a request for correction|
|Initiated||Request is being processed by TDS CPC|
|Available||Request for correction is accepted and the statement is made available for correction. The user can start correction on the statement. Clicking on the hyperlink will take the user to validation screen. Once user clicks on request with ‘Available’ status, status of request/statement will change to ‘In Progress’|
|Failed||Request cannot be made available due to a technical error. User can re-submit request for same details|
|In Progress||User is working on a statement. Clicking on the hyperlink will take user to validation screen|
|Submitted to Admin User:||Sub-user / Admin User has submitted correction statement to Admin User|
|Submitted to ITD||Admin User has submitted correction statement to ITD for processing|
|Processed||Statement has been processed by TDS CPC (either for Form 26AS or for defaults)|
|Rejected||Statement has been rejected by TDS CPC after processing. Rejection reasons will be displayed in ‘Remarks’ column|
You cannot delete a TDS challan from a statement which you have filed because that challan stands consumed and you cannot do anything to a challan which has been consumed.
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.
The taxpayer needs to apply for correction to the bank within 7 days of the date of deposit of challan. In this case, the taxpayer can send a challan correction application form to their respective bank.