i had deposited tds tax in wrong head. i deposited in 194A instead of 194C. can it changed if yes than please confirm what is the procedure
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Quick Summary
If you've accidentally deposited TDS under the wrong head (e.g., 194A instead of 194C), you can correct it online via the TRACES portal within 15 days of the deposit. The procedure involves logging into TRACES, navigating to the Challan Correction menu, and submitting a request to amend the financial year, major head, minor head, or section code. Alternatively, recent updates allow for adjustments to be made directly when filing your TDS return, potentially negating the need for a formal correction.
Procedure for challan correction online: The following is the procedure for challan correction online:
Step 1: Go to https://www.tdscpc.gov.in/app/login.xH T M L
Enter login ID, password and TAN no
Now, Click on Login button
Step 2: Challan Correction menu
After login to traces, go to “Statements/ Payments” tab and “Select “Request for OLTAS Challan Correction”
It will redirect you to OLTAS Challan Correction Menu. Now click on proceed button.
Step 3: Filing of Online Challan Correction
In first slide you will get message that Deductor will only be able to correct Financial Year, Major Head, Minor Head & Section code, TAN/PAN correction will be enabled soon. Click on “Proceed” button Now enter the details of Challan for which correction is to be made the details include: BSR code of challan Date of deposit of challan amount Challan serial number Challan Amount
3. Enter the details and click on “Go” buttonYou will be able to view the challan, now make the required correction like:
Financial Year Section Code Major head Minor head
Only make the required correction in case wrong section is selected then you need to correct the section only and no other information in the challan.
After the required details is made click on “Submit” button. One the submission button is clicked your challan request is submitted with traces. You can track your OLTAS challan correction request under Statement/Payments tab.