Quoting wrong deductee in etds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 November 2011 We had filled etds return for Q-1 of FY 2008-09 by quoting wrong deductee. i.e. instead of one party, the deduction was shown in name of another party.
So, can we revise the return of Q-1 2008-09?.
Is there any penalty for the same?

CA. ATIN HARBHAJANKA

CA. ATIN HARBHAJANKA (Expert)
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30 November 2011 In your query let me know whether name + PAN both the information has been wrongly entered or just 1 of them.

Querist : Anonymous

Querist : Anonymous (Querist)

01 December 2011 Both Name of Party & PAN are wrongly entered

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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22 July 2025 If you have filed an eTDS return and mistakenly entered the wrong deductee details, such as the name and PAN of the party, you can indeed rectify the mistake by filing a revised TDS return.

Steps for Revising the TDS Return:
Revised Return Filing:

Yes, you can file a revised return for Q1 of FY 2008-09 to correct the name and PAN of the deductee.

To do this, you'll need to download the correct TDS statement, update the correct details of the deductee (name and PAN), and then submit the revised return.

The revised return must be filed with the same acknowledgment number as the original one, but with a revised status.

Filing Process:

Ensure that you use the same Quarter (Q-1 FY 2008-09) while revising.

Use the "Revised" option while uploading the return to show that it is a corrected version.

The revised return will overwrite the old one and reflect the corrected deductee details in the tax records.

No Penalty for Genuine Mistakes (with prompt rectification):

If the error was a genuine mistake and you are filing the revised return promptly, there will be no penalty for rectifying the incorrect details.

However, if the mistake remains uncorrected for a prolonged period or is deliberate, penalties or interest could apply, especially for incorrect TDS credits.

Timely Rectification:

It's crucial to correct the mistake as soon as possible to avoid potential penalties or interest on delayed payments. If the mistake results in a mismatch in the deductee's Form 26AS, it can cause issues for them when they file their income tax return.

Potential Penalty or Consequences:
Late Filing Fees (if applicable):

If the revised return is filed late (after the due date for filing the original return), there could be late filing fees under Section 234E of the Income Tax Act.

The penalty is ₹200 per day for every day of delay until the return is filed. However, if you correct the mistake soon after the filing date, the late fee can be minimized.

Interest on Late Payment:

If the incorrect return led to underpayment of TDS, interest under Section 234B and 234C will apply for late payment of taxes.

Important Points:
TDS Credit Mismatch: If the name and PAN mismatch, the deductee's TDS credit may not be reflected correctly in their Form 26AS, which can lead to issues for the deductee when they file their income tax returns.

Timeliness: Rectifying the return as soon as possible is important to minimize the impact on the deductee and avoid complications.

Conclusion:
Yes, you can revise the return, and no penalty will apply if it is done promptly and the error is genuine.

File the revised TDS return with the correct name and PAN of the deductee.

Take care of any interest or late fees if the original return was filed late.

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