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How to file tds correction return for f.y 2006-07

mohit kumar (article) (33 Points)

25 August 2016

Hi CCI Friends, In our company one of the employee received a demand notice form income tax for 16,00000 approx and his income tax officer is saying to file the Correction Return of Tds via company. But there is no option in the site to Revise or Correct return of F.Y 2006-07. Nothing can be downloaded from nsdl site except the Return Status. Kindly help me File the Correction return for that F.Y. (Please Note that our company does not have any file in our records for that F.Y) Kindly Help me ASAP

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9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 25 August 2016

Nothing possible online. Better get more details personally from the concern AO.

mohit kumar (article) (33 Points)
Replied 25 August 2016

Thanks,

But how can i get the concerned Tds department Persons Details

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 25 August 2016

No. Before you doing any action, get the details from the ITO of your employee, and check its feasibility.

mohit kumar (article) (33 Points)
Replied 25 August 2016

He Received intimation from I.T.O under Section 143(1). As per their calculation no Tds details are there. So he is asking to correct TDS statement.

Please suggest how to proceed Further.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 25 August 2016

1. As you are aware, TDS returns for FY 2006-07 cannot be revised online. Secondly, you do not have any documents to follow up.

2. Please check form 26AS of your employee, as many compaints have arose of these years, where the TDS gets reflected in 26AS, but department/AO has refused to give its effect, giving reason that they have no information.

3. Finally get help from Aaykar Sampark Kendra on 1800-180-1961

Muralidharan (Self Employed) (1034 Points)
Replied 16 September 2016

Dear Mr.Mohit Kumar

You are now on a tedious roadway. Do not lose your heart. You can now file correction statement for rectifying the errors in the financial year 2006-07. I will explain

(1) TDS return for 2006-07 was filed earlier with NSDL (traces was not available at that time).

(2) Login to traces website. Insert the digital signature in the computer and ensure that the system recognises the DSC

(3) Register the digital signature of the authorised person with traces website.

(4) Submit a request for download of consolidated file of 2006-07 of that particular quarter. For this you should have the "provisional receipt number" of that particular quarter, challan details of atleast one challan with three or less deductees, PAN of the deductees (including amount deducted) of the corresponding challan should also be available with you.

(5) If you do not have the details as mentioned in point no.4 don't worry there is a way out. You should be having the details of any latest tds statements filed by you. For example if you have the "provisional receipt number" of fourth quarter of 24Q of 2015-16, then provide those details and submit a request for download of consolidated file for 24Q - Q4 of 2015-16. NOW MOST IMPORTANT IS after submitting the request for consolidated file, you should not logout of this session. Being in the same session you can now make a request for download of consolidated file of 2006-07. Since traces would have recognised you as an authorised person it will take the request without asking you for any details pertaining to 2006-07.

(6) After some time you can download the consolidated file

(7) With the help of the consolidated file, you have to first file a C-1 Correction statement with nsdl e-return intermediary. C-1 correction means just updating of the deductor details in the first sheet of the RPU. Do not attempt to make any changes in challan details or in the annexure details.

(8) You have to file / upload the C-1 correction through NSDL ereturn intermediary.

(9) After 72 hours the return will be accepted, processed by TDSCPC. They will raise a fresh demand and you can now download the justification report from traces website. Through email you will also receive demand notice from tdscpc.

(10) Now, once again submit a fresh request for download of consolidated file of 2006-07. Make the requisite corrections in the same. Validate the same and file the same through nsdl ereturn intermediary.

(11) If everything is found in order the corrections made will be accepted and the demand will be dropped / closed.

(12) If you have to make any interest payment, then you have to first add the challan through online mode only in the traces website. Submit request for consolidated file after adding the interest paid challan.

with regards

Muralidharan