Revise TDS Returns

Got TDS Notice from Income Tax Department? File Correction TDS Returns now.

Contact US

CORRECTION TDS
RETURNS FILING

Due Date

There is no due date for filing of a TDS revision return. Hence, it can be filed at any time. However, if you have received income tax notice, you should comply with the due date mentioned in the same.

Credit of TDS

Erroneously filed TDS Return will not allow TDS Credit to the deductee. Correctly filed TDS Return will ensure appropriate credit of TDS to your vendor.

Justification File

The TDS demand notice does not mention the detailed reasons behind the notice. To find out the reasons for default, the deductor has to download a justification report from the TRACES website. A justification report contains all details about the TDS demand notice.

TDS Returns Revision ?

TDS Return is required to be filed by any person who is liable to deduct tax at source. A TDS Return is a quarterly statement which has to be submitted to the Income Tax Department of India. Submitting TDS Return is mandatory if you are a deductor. It should contain all details of TDS deducted and deposited by you for a particular quarter.

You may need to file TDS correction or TDS revision if you have wrongly shown any details in original TDS Returns. Such mistakes can be wrong PAN, wrong date, or short or no tax deduction. In all such cases, in order to ensure seamless credit to the person whose TDS is deducted, you should revise your TDS Return.

You may also need to revise your TDS return if you have short paid any TDS and received any notice from income tax department. It should be noted that only by paying short deducted TDS, your work is not over. This has to be given effect through a correctly filed TDS statement.

TDS return may be corrected as many times as needed. There is no due date by which a TDS return has to be revised. Hence, as soon as an error is discovered, you should file a correction return.

DOCUMENTS REQUIRED
FOR TDS RETURNS REVISION

QUICK CHECKLIST

  • Your TAN
  • Challans of TDS Payment
  • Details of Deduction
  • Ack Receipt of Original Return

TAN & CHALLANS

All we need is your TAN (Tax Deduction Account number) and challans of TDS paid by you. TAN is an alphanumeric number which is issued by the Income-tax department. Also, if you have deposited TDS online, an acknowledgment of amounts paid will be generated from your bank website. This is challan 281. All you need to provide is this two information to get going.

TDS RETURNS REVISION PROCESS

Upload the required documents & information to our web portal

Choose Package and Pay online with different payments modes available

We professionally draft and share the deed for your confirmation

Discussion over the telephone with legal expert

Your TDS return application is submitted.

After all successful submittion you will recieve return acknowledgement.

Plans And Pakeges

Basic

Rs.8500

Plus taxes

Standard

Rs. 10500

Plus taxes

Premium

Rs. 16500

Plus taxes

Why Incorpadvisor Group

India's Best Achiever Award of 2020

1500+ Startup & SMEs Served Across India

Top 5 Star Google Review & Rating

Record of Highest Company & Trademark Registration

5+ Year of Startup &SMEs Legal Expertise

20+ Expert Team Member At Your Services

250+ Registration Every Month

Best Web Convenience

Frequently Asked Questions

READ ALL FREQUENTLY ASKED QUESTIONS

Q. Who needs to pay TDS or TCS & How to pay TDS?

TDS is to be paid by the person who is liable to deduct/Collect tax at a prescribed rate of income tax act known as deductor from the income of another person called deductee. Deductor has valid TAN which is used to quote at the time of making payment using challan 281 of TDS/TCS to central government thru both online as a well offline mode. Online payment of TDS/TCS can be made from internet net banking facility using traces online facility while offline payment can be deposited to a designated bank over their counters.

 

Q. How many times can we revise TDS return?

A correction TDS/TCS statement can be furnished multiple times to incorporate changes in the regular TDS/TCS statement whereas a regular TDS/TCS statement will be accepted at the TIN central system only once.
 
Q. Is there any penalty for revising TDS return?
Penalty under section 271H can also be levied if the deductor/collector files an incorrect TDS/TCS return. In other words, minimum penalty of Rs. 10,000 and maximum penalty of upto Rs. 1,00,000 can be levied if the deductor/collector files an incorrect TDS/TCS return.
 

Q. Is it compulsory to file TDS return?

TDS return filing is compulsory for all the assessees who fall under the tax slab as prescribed by the Income Tax Department. It is compulsory to e-file the TDS returns and it can be done through the official Income Tax e-filing portal. It is mandatory that the TDS returns are submitted on time by the deductors.
 
Q. Who is Eligible for TDS Return?
Employers and organisations with a valid TAN are qualified for filing TDS returns. Individuals whose accounts are audited under Section 44AB, and hold an office under the government or companies are liable to file online TDS return every quarter.
 

Q. Do you provide this service in my town?

Yes Incorpadvisor is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done.

 

Q. Do I need to physically present for the process?

No, You don’t need to be physically present for the process, Incorpadvisor is an online catering platform all you need is internet connection  in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at remotest location of the India

Still have questions?

I you can’t find answers to your questions in our FAQ section, you can always contact us. We will get back to you shortly.

WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, how can I help?