27 October 2014
Correction Type – Y: This is meant for “Cancellation of a Regular return” and is preferred during change in TAN in the deductor details.
Examples:
Say, there is a mistake in mentioning TAN while submitting the regular return. At this time, the TAN cannot be update in any of aforesaid types of correction. So earlier statements should be cancelled for that quarter and should be followed by fresh REGULAR return.