Question 1

How can my TDS challan be modified?

Accepted Answer

The taxpayer is required to deliver the request form to the relevant bank

Requests must be made seven days after challan deposit

Any correction request made by the taxpayer after the previously mentioned deadline will be denied by the Bank

Include a copy of the original challan.

Question 2

Can the assessment year in the TDS challan be changed?

Accepted Answer

Within seven days of the day the challan was deposited, the taxpayer must submit an application to the bank for a correction. The taxpayer may do this by sending a challan rectification application form to the appropriate bank.

Question 3

Can the TDS challan portion be changed?

Accepted Answer

The taxpayer must deliver the correction request form to the relevant bank branch. The original challan's copy must be attached by the taxpayer. If a challan in Forms 280, 282, or 283 needs to be corrected, a copy of the PAN card must be attached.

Question 4

What is TDS correction?

Accepted Answer

The tax deductor must also provide a TDS statement for a certain TAN, form, financial year, and quarter. A correction statement is a statement that has been updated or modified from the original statement.

Question 5

What is the turnaround time for updating challan on traces?

Accepted Answer

The correction will be handled within 24 hours

Question 6

How can I correct my challan details?

Accepted Answer

To correct your challan details, you can follow these steps:
1. Go to the TRACES website.
2. Click on the "Login" button and enter your user ID, password, and TAN number.
Once you have logged in, click on the "Request for Correction" link.
Select the "Challan Details Correction" option.
On the next page, fill in the details of the challan that you want to correct.
Click on the "Submit" button.

Question 7

How can I submit TDS corrections online?

Accepted Answer

To submit TDS correction online, you can follow these steps:
1. Go to the TRACES website.
2. Click on the "Login" button and enter your user ID, password, and TAN number.
3. Once you have logged in, click on the "Request for Correction" link.
4. Select the "TDS Challan Correction" option.
5. On the next page, fill in the details of the TDS challan that you want to correct.
6. Click on the "Submit" button.

Question 8

How can I reverse my wrong TDS payment?

Accepted Answer

To reverse your wrong TDS payment, you can follow these steps:
1. Contact your bank and request a reversal of the TDS payment.
2. You will need to provide your bank with the following information:

The date of the TDS payment

The amount of the TDS payment

The TAN number of the deductor

The PAN number of the payee

The reason for reversing the TDS payment

Question 9

How can I rectify challan 280 online?

Accepted Answer

To rectify challan 280 online, you can follow these steps:
1. Go to the TRACES website.
2. Click on the "Login" button and enter your user ID, password, and TAN number.
3. Once you have logged in, click on the "Request for Correction" link.
Select the "Challan 280 Correction" option.
5. On the next page, fill in the details of the challan 280 that you want to correct.
6. Click on the "Submit" button.

TDS Challan Correction

FAQ's on TDS Challan Correction

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