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E tds revised return procedure

Sandeep (in service) (142 Points)

07 September 2011

Hi All,

Can anybody please guide as to how to file a revised E tds return for 3rd & 4th quarter of f.y. 2009-10 and also 1st quarter of F.Y. 2010-11 as few PANs were quoted incorrectly and accordingly parties did not get TDS credit. I've heard that we need to request NSDL to send the required quarter file and then only further process can happen ? is it correct ?

Also, Some Clients have quoted wrong PAN of our co. in TDS certifictaes for f.y. 2008-09 and 2009-10 and accordinlgy we got less amount of IT refund for theses years? What' s the remedy as Clients are corporates and its too difficult to reach the right person in their accounts dept. and get the return revised??

Pls suggest.

regards,

Sandeep

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5 Replies

(Guest)

Informing the erring companies to file a revised return and issue a corrected tds certificate is the best option.

There is one more last-ditch alternative, you can write to A.O. enclosing TDS certificate in original, as in that case, deductor will be liable u/s 272B and the deductee will be granted the claim. This process is tedious though.

You can inform the erring corporate, that penalty might be levied on them for issuing TDS certificates with wrong PAN. That threat might work and make them do the needful.

Regards,

Jagrut

Rajagopalakrishnan R (PARTNER) (1422 Points)
Replied 12 September 2011

On the first part of the query,

Yes it is now necessary that the "consolidated Statement" for each quarter be downloaded from the NSDL site before u can rectify the quarterly return. For this first u have to register ur TAN with the NSDL site. There are good FAQ's in the site. Once u download the same u can open the same with the RPU 2.5 and above available in the NSDL site.

Gayatri (Accountant) (21 Points)
Replied 20 November 2012

Hi I have download the consolidated tds file and make correction in the cosolidated file for Q4 2011-12. but when I want to create the file there is one error is coming that "Invalid Input File name. Length of Input File cannot be more than 12 characters (including extention)". Can anybody help me to revise the tds return.

Nitesh Sharma (CA Final) (33 Points)
Replied 20 November 2012

Gayatri, this is due to name of file. when you create the file then its name should be less then 12. please make sure that name is less then 12. hope this will help you