Adjustment of excess tds

correction statement will be filled through TRACES website

Hi Rudra,

I had filed it through traces website, but how should i adjust the shor payment of TDS in the website, downloaded the Consolidated file also.

go to defaults options and go  to request for  correction in traces

Dude i followed the same steps. The interest part is adjusted by adding the challan to the statement of default. My question is how should i adjust the short deduction amount for a particular PAN no.i.e the total tax depostied column in the challan for TDS.

Hi friend 

As per your discussion i understood that you have corrected tds return by mentioning the interest on TDS .

For Filing the Corretion Return for Short Deduction please follow below steps.

1.Download Conso file 

2.Update the amount of payment to respective deductee to the extend previously Deducted TDS then add one more deductee with same PAN number 

example :

For Co you have paid TDS @ 1% instead of 2% E.g: 100000 TDS deductable is 2000

Now update previously mentioned deductee amount to 50000 TDS comes to 1000 @ 2%

Then add new deductee (same co ) enter amount of payment 50000 TDS comes to 1000 @ 2% by adding the challan you have paid