Filing of correction tds stmt
This query is : Resolved
05 September 2011
I have earlier filed Nil return of my client(company)of TDS Now I want to Revise it How can I ask for consolidated Tds return when I have entered no data
Thanks in advance
Thanks in advance
05 September 2011
Yes. Tricky situation. You should call TIN Call Centre @ 020 - 2721 8080.
Kept open for suggestion of other experts.
Kept open for suggestion of other experts.
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24 July 2024
If you have filed a Nil TDS return for your client (company) and now need to revise it due to some errors or omissions, here are the steps you should follow:
### Steps to File a Revised TDS Return:
1. **Prepare Correction Statement**: Since you initially filed a Nil return and now need to revise it, you would prepare a correction statement instead of a revised return.
2. **Download Correction Statement**: Use the TDS Return Preparation Utility (RPU) or any other authorized software to download the original Nil TDS return. You will use this downloaded file to make corrections.
3. **Make Corrections**: In the downloaded file, make necessary corrections to the data. This may include updating incorrect PANs, amounts, challan details, etc. Ensure you make only the changes necessary to correct the errors.
4. **File Correction Statement**: Once corrections are made, save the file as a correction statement. This correction statement will contain only the corrected data; since your original filing was Nil, it will reflect the corrections needed to rectify the Nil filing.
5. **Upload to TIN-NSDL**: Log in to the TIN-NSDL portal (https://www.tin-nsdl.com) using your TAN (Tax Deduction and Collection Account Number) and password. Navigate to the section where you can upload TDS returns.
6. **Submit Correction Statement**: Upload the correction statement file (not the revised return) to the TIN-NSDL portal. Ensure all required fields are correctly filled in the form.
7. **Acknowledgment**: After successful submission, you will receive an acknowledgment (NSDL-CPC Communication Number) confirming receipt of your correction statement.
### Important Points to Note:
- **Correct Timing**: Ensure corrections are made within the prescribed time limits by the Income Tax Department.
- **Verification**: Check the status of your correction statement periodically to verify if it has been processed successfully.
- **Penalties**: Late filing or incorrect filing may attract penalties as per Income Tax rules.
By following these steps, you can effectively file a correction statement for a Nil TDS return and rectify any errors or omissions that were present in the original filing. If you encounter any issues or have specific questions, consider consulting with a tax professional or contacting the TIN-NSDL helpdesk for further assistance.
### Steps to File a Revised TDS Return:
1. **Prepare Correction Statement**: Since you initially filed a Nil return and now need to revise it, you would prepare a correction statement instead of a revised return.
2. **Download Correction Statement**: Use the TDS Return Preparation Utility (RPU) or any other authorized software to download the original Nil TDS return. You will use this downloaded file to make corrections.
3. **Make Corrections**: In the downloaded file, make necessary corrections to the data. This may include updating incorrect PANs, amounts, challan details, etc. Ensure you make only the changes necessary to correct the errors.
4. **File Correction Statement**: Once corrections are made, save the file as a correction statement. This correction statement will contain only the corrected data; since your original filing was Nil, it will reflect the corrections needed to rectify the Nil filing.
5. **Upload to TIN-NSDL**: Log in to the TIN-NSDL portal (https://www.tin-nsdl.com) using your TAN (Tax Deduction and Collection Account Number) and password. Navigate to the section where you can upload TDS returns.
6. **Submit Correction Statement**: Upload the correction statement file (not the revised return) to the TIN-NSDL portal. Ensure all required fields are correctly filled in the form.
7. **Acknowledgment**: After successful submission, you will receive an acknowledgment (NSDL-CPC Communication Number) confirming receipt of your correction statement.
### Important Points to Note:
- **Correct Timing**: Ensure corrections are made within the prescribed time limits by the Income Tax Department.
- **Verification**: Check the status of your correction statement periodically to verify if it has been processed successfully.
- **Penalties**: Late filing or incorrect filing may attract penalties as per Income Tax rules.
By following these steps, you can effectively file a correction statement for a Nil TDS return and rectify any errors or omissions that were present in the original filing. If you encounter any issues or have specific questions, consider consulting with a tax professional or contacting the TIN-NSDL helpdesk for further assistance.
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