TDS correction

This query is : Resolved

Share Report Follow Query Ask a Query

Nitin Nakrani

Nitin Nakrani (Querist)
Follow

11 June 2011 can i file TDS correction statement without take consolidate file from NSDL site.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

11 June 2011 Yes you can, provided you have the original FVU file. If you use any software then simply choose the option of Correction Statement.

Message likes : 1 times

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
Follow

11 June 2011 Sanjayji

There is a note given at the start of home page of tin-nsdl as follows:

TDS/TCS correction statement to be prepared using consolidated TDS/TCS file only:
As directed by DIT (Systems), deductor/ collector are advised to prepare correction TDS/TCS statements using consolidated TDS/TCS file only, provided by TIN. Consolidated TDS/TCS file is provided to registered TANs.

What is the meaning of this statement. Can we still use original fvu file for preparing correction statements.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

11 June 2011 Consolidated statement is required when we have already filed revised return more than one time. The consolidated file is the merged updated return, which we revise again. I have revised quite a few returns recently using KDK software and they were duly accepted.

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
Follow

12 June 2011 Sanjayji,

I think the new method given by Tin-NSDL is applicable for first correction return also and is effective from 11.6.2011. I am also using KDK software. They have given a software update today. After updating the software it is not allowing to correct the original statement and instead saying "As per instructions from DIT Correction Statement can be generated with the consolidated file (.tds received from NSDL) only."

Please take trouble to look into above and inform me whether my understanding is correct.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

R B Pethe

Amit Bhatkar

Devendra Singh Jyala

Nilesh Manek

Konijarala prasad

Subscribe Now

TDS correction

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA