For FY 2021-22, Q3, TDS return filed - form 26Q.
But mistakenly TDS was short deducted @ 1% instead of 2%.
So, for the difference amount another challan was paid along with interest but again instead of filing correction statement, it was again filed as regular statement.
Resultantly it's still displaying the return as processed with defaults and showing the outstanding demand when logged into website.
Now, what is the corrective action I should take??
What will be the consequences for that outstanding demand?
Now, can I file correction statement? Do I need to make payment again with new challan?
If I can file the correction statement, within which time I need to file it??
Confused as hell?!?! Please guide me further, friends.....
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TDS return - processed with defaults
Replies (15)
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Check your inbox, leaving my contact details.
Leaving my details in your inbox. Happy to Help.
You can also nullify the tds demand from traces.
Login to traces and do online correction and add challan online and submit the request.
The problem will be resolved in a day or 2 days
Login to traces and do online correction and add challan online and submit the request.
The problem will be resolved in a day or 2 days
Thanks a lot
for the initial correction I actually raised a new challan but it was accidentally filed as regularly challan.
now for the second time correction do I need to raise a fresh challan?
Please clarify....
for the initial correction I actually raised a new challan but it was accidentally filed as regularly challan.
now for the second time correction do I need to raise a fresh challan?
Please clarify....
Fresh challan is not required. You can add the existing challan.
You mean you have paid tds under Tds payable by tax payer ?
Not under regular assessment ?
Still there won't be any issue
For the purposes of demand nullification an unutilised valid challan can be used
Ohh ok sir. thank you so much
Through online correction, you just need to add the challans to statement. The tds demand will be zero in 24 hours
Sir, actually where I'm getting confused is, the challan I made for the differential amount of TDS was utilised while filling the first correction statement (which was wrongly filed as a regular statement)
Now, I don't have any unutilised valid challans
Now for filing the second correction statement, do I need to raise a fresh challan. sir??
Now, I don't have any unutilised valid challans
Now for filing the second correction statement, do I need to raise a fresh challan. sir??
Then wait till the correction statement is processed.
Was the tds correction statement filed online ?
or it was done through TIN centre ?
Was the tds correction statement filed online ?
or it was done through TIN centre ?
Online, sir.
That first correction statement was filed 3 months back, sir...
That first correction statement was filed 3 months back, sir...
If it is online then it won't take this much time .
Check the status of correction .
If tds correction statement has also processed with defaults then only you have to go for further correction
Check the status of correction .
If tds correction statement has also processed with defaults then only you have to go for further correction
Ok sir. thank you....
sorry for any inconvenience...
sorry for any inconvenience...
You can check the status of Tds statements. Both regular and correction from traces login
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