29 Feb Guide on Correcting Salary Details in E-TDS Returns Already Submitted
Individuals often encounter the need to rectify or revise salary details in their E-TDS returns after submission. Here’s a comprehensive overview on how to go about this process.
Updating Salary Details:
One can indeed update or revise a salary record within an E-TDS return. The procedure entails:
- Identifying the specific salary record to be updated, which can be done using its sequence number in the regular statement or its value in the 'Gross total Income' field.
- Making the necessary adjustments to the salary details such as employee name, PAN, salary amount, deductions, etc.
- Ensuring that along with the updated values, the gross total income as per the regular statement is also provided in the correction statement.
Adding Salary Details:
Adding a salary detail or record follows a structured process:
- Maintaining the sequence of the new Challan record in continuation to the last Challan's sequence number in the regular statement.
- Incorporating details of the new salary record accordingly, ensuring proper sequencing.
Deleting Salary Details:
The deletion of a salary record entails the following steps:
- Identifying the salary record to be deleted using its sequence number or gross total income as per the regular statement.
- Flagging the identified salary detail record for deletion in the correction statement, which should also contain the value of the gross total income as per the regular statement.
Limitations on Updating Assessment Year:
It’s important to note that certain fields like TAN, Form no., quarter, FY, and AY quoted in a regular statement cannot be updated by filing a correction statement.
Significance of Record Identification:
During the preparation of a correction statement, accurately identifying the record to be updated or deleted is crucial. The fields used for identification include Challan details (CIN details and deposit amount), Deductee details (PAN of the Deductee, total tax deducted, and total tax deposited), and Salary details (gross total income). Ensuring consistency between the provided values and those in the TIN central system is paramount for the acceptance of the correction statement.
Rectification of Booked Challans:
Modifications or rectifications to booked Challans are not permissible. If the status of a Challan on the NSDL website is displayed as ‘Booked’, any attempts to correct or modify it will result in rejection at the TIN central system.
No Comments