Tcs correction return

Hi Zishan,

You're facing a common issue that arises due to an incorrect type of correction request on TRACES—filing under Form 26Q (TDS) instead of the correct form 27EQ (TCS). Here's what you need to do to fix this situation properly.

🚩 Your Current Situation:

• You missed deducting TCS on a sale.

• You later paid TCS via challan (manually corrected).

• You added the challan on TRACES but mistakenly submitted a correction request under Form 26Q (TDS) instead of 27EQ (TCS).

• That request is now processed, and hence you can't add TCS deductee details under that challan.

✅ What You Can Do Now

Step 1: You Cannot Cancel a Processed Request

Once a correction request is processed, TRACES does not allow cancellation of that request. So, you cannot undo that specific mistake directly.

However, you can still correct your error by following the proper process below.

Step 2: Re-file a Correct Correction Statement in Form 27EQ

Here’s the process:

1. Use a TDS/TCS Return Preparation Utility (RPU) from NSDL or ClearTDS, etc.

2. Prepare a Correction TCS Return (Form 27EQ) using:

   • The same challan details (that you've already paid).

   • Add the correct deductee details under Section 206C(1H) or whichever is applicable.

3. Validate the file using FVU utility.

4. Submit correction return through:

   • TIN-FC, or

   • e-filing portal (with DSC)

💡 Even if the challan is linked to an incorrect form earlier (26Q), you can still use the same CIN (Challan Identification Number) in your correct 27EQ return—as long as the challan is valid and unutilized in Form 27EQ yet.

⚠️ Important Tips:

• TRACES system doesn't stop you from using the same challan in another form as long as it's not fully consumed.

• Make sure your deductee PAN, amount, date, and section (206C) are all correct.

• Keep a record of the processed Form 26Q correction just in case the CPC raises a query later.

✅ Summary: