TAN/TDS > TDS/TCS Statement > Correction Statement Returns/statements relating to TDS/ TCS should be complete and correct. However, Income Tax Department has provided a procedure for correction of any mistake in the original returns/statements by submitting 'correction returns/statements'.
Step – I To prepare correction statement, first download Consolidated TDS/TCS file after login at TRACES login at www.tdscpc.gov.in
Step – II Import consolidated TDS/TCS file and Prepare the Correction statement as per the applicable Category;
Step – III Furnish only those records which require Corrections;
Step – IV Fill provisional receipt number of regular and previous correction statements
Step – V After preparation of correction statement, the same is to be validated through File Validation Utility (FVU).
Step – VI Furnish validated (.fvu) correction statement with a TIN-FC or directly through NSDL web-site