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Revise tds return

Shilpa Baid (Article and CA Final) (157 Points)

22 August 2013

Hello to My all friends..
My principal gave me data for revising TDS return
Its my First experience to do so, can you please help me this ...
what steps should i do to do the same??

please suggest me
Thanks in adv :)

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17 Replies

CA Kumar Mukesh (CA CMA FINAL and Advance Excel Trainer) (6871 Points)
Replied 22 August 2013

TDS returns are required to revised to correct mistakes made in Earlier & mostly done after recieving Intimation under Section 201.

Its better for you please refer intimation/reason for revision first

then only we can able to guide you properly

Shilpa Baid (Article and CA Final) (157 Points)
Replied 22 August 2013

Thanks you Sir for your quick Reply..
i collect information soon and then ask for help..

Sahil Khan (Article) (53 Points)
Replied 22 August 2013

HELLO to all of you..!!

You can take further information from TDSCPC.gov.in

CA Rajnik Galani (prctice) (154 Points)
Replied 22 August 2013

Download Consolidated File From TRACE And After Import In to Your Tds Software After Correct Mistake.

Venu Chaganti (no) (80 Points)
Replied 22 August 2013

Dear Shilpa

The following is the basic process:

1.Download Conso File from tdscpc.gov.in

2.Please check the Data in conso file

3.Download TDS Return preparation utility(RPU) from www.tin-nsdl.com

4.open the conso file with the RPU

5. You can make the changes in the data using RPU

6. Validate the Data

7. After Validation, RPU will generate the uplodable file

8. You can go to any TDS filing offices and file the return.

This is basic process only :) :)

Regards

Venu

1 Like

manoj (student) (5205 Points)
Replied 22 August 2013

• Change in validation of quarterly TDS/TCS statements are as below: o Book entry flag should not be provided in the challan details for nil challan/nil transfer voucher for all the financial years. o In the salary details (Form 24Q Q4 – Annexure II), if PAN provided is invalid (i.e. PANNOTAVBL, PANAPPLIED & PANINVALID), then the flag in the column “Whether tax deducted at higher rate” mandatorily needs to be “Yes” for TDS statements pertaining to FY 2013-14 onwards. o Mandatory to mention at deductee details “Country of Residence of the deductee” in TDS statement (Form no. 27Q only – Regular and Correction) pertaining to FY 2013-14 onwards. • Change in name of the field of as below: o In the deductee details (Form 27Q – Annexure I), name of the field “Country to which Remittance made” has been changed to “Country of Residence of the Deductee”. o In the deductee details (Form 24Q – Annexure I), name of the field “Taxable amount of which tax deducted” has been changed to “Amount paid/Credited”. • FVU version 3.8 and 3.9 are applicable upto August 31, 2013. Further, FVU version 3.9 would be mandatory from September 01, 2013.

1 Like

Ramanuj (Accountant.) (834 Points)
Replied 22 August 2013

Dear Shilpa

Please find enclosed herewith procedure of TDS Return file.

Down load NDSL Consolidate file from Traces.gov.com
Unzip the consolidate file. Password Should be given for unzip > Tan_Request No. (A)
Download TDS Revise return utility from Webtel & other software.
Unzip the Folder and run the Drill ( all Excel program should be closed (B)
Create a New Folder on Desktop ( Name should be 123/456 etc.
Copy the data file and 26Q file from the unzip folder i.t A & B
Open the folder (123) and import the data.
Make the required corrections on the status and verify the data. There should be no error report.
Caps lock should be off
Generate file
CSI file to Ok for non company assesses
File name should be the original file name downloaded from side.
Make the print out of 27 A submit the with NDSL.
Original Acknowledgement receipt should be submit with revised return.

suchita (Acountant) (21 Points)
Replied 11 February 2014

He My principal gave me data for revising TDS return Its my First experience to do so, can you please help me for this ...

what steps should i do to do the same??

ameena b (CA student) (65 Points)
Replied 24 February 2014

Hai !

I need to file a correction statement of tds for form 27Q.Please guide me to clarify my doubts on the same.

1) Do we need to make corrections in the conso file downloaded from traces or a new form with corrections can be made?

2)Mistakes detailed in justification report were pan errors and interest for late payment. Interest has been paid. But the minor head insted of "400 - raised by dept " bank on payment of chellan reported as " 200 - regular assment ". how can it be rectified?? chellan was paid on 31/01/2014. when consulted with bank to rectify mistake they said as can't do anything by them.

How can this be rectified?

Please guide me.

Thank you.

chandrashekher (ACCOUNTANT) (21 Points)
Replied 15 July 2014

at the time of second time correction of TDS statement, I download the consolidated file and submit the correction statement, but CPC rejected, due to old consolidated file. I downloaded three times and uploaded correction statement, but everytime rejected on same reason. please suggest how to download new consolidated file.

Chandra Shekher

V Prabhakara Rao (Assistant Manager) (106 Points)
Replied 21 July 2014

Kindly recheck thre may be chance that you are using the same old conso file instead of new one. Otherwise contact TRACES Help Desk pursue with them with patience.

1 Like

Prasad Hegde (B.Com) (27 Points)
Replied 17 July 2015

Can any one explain regarding error while filing TDS revised data. When I tried to generate file the 24Q shows "Regular". But it is revised what may the reason for this. Kindly let me know. Thank You.