Revision of tds return

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Pratima Pandey

Pratima Pandey (Querist)
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26 May 2015 Do we need to revise TDS Return, If we got intimation for Penalty for late filing only.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 May 2015 Yes pay the amount and revise the return including the challan.

SUDHIR KUMAR JAIN

SUDHIR KUMAR JAIN (Expert)
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31 May 2015 After making the payment of late fee the challan can be adjusted against the demand on TRACES after log in. In that case there shall be no need to file the revised return and demand shall become NIL after 2-3 days.

Pratima Pandey

Pratima Pandey (Querist)
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03 June 2015 sir can you please explain me the process

SUDHIR KUMAR JAIN

SUDHIR KUMAR JAIN (Expert)
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05 June 2015 Please follow the following steps to dispose off the demand on TRACES after login -

1. Submit the request for correction under the DEFAULT tab.

2. Fill the information regarding the return to be corrected or challan to be added.

3. After submitting the request go to Track Correction Request under DEFAULT tab only.

4. Select the statement for which correction to be filed and follow the steps as directed by TRACES.

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