Revising TDS returns is a common practice among taxpayers in India. It is done to correct errors made in the original TDS return, such as incorrect PAN or TAN details or wrong deductions. With the advent of technology, it is now possible to revise TDS returns online. Here is a step-by-step guide on how to revise TDS returns online:
Step 1:
Visit the official website The first step to revising your TDS return online is to visit the official website of the Income Tax Department. The website is www.incometaxindiaefiling.gov.in.
Step 2:
Login to your account Once you have accessed the website, login to your account using your PAN number and password. If you are a new user, you need to register yourself on the website.
Step 3:
Go to ‘TDS’ section After logging in, navigate to the ‘TDS’ section on the homepage.
Step 4:
Choose the option for ‘TDS Returns’ On the next page, click on the ‘TDS Returns’ option.
Step 5:
Select the option to revise the TDS return On the next page, select the option to revise the TDS return. You will be directed to a new page where you will need to select the relevant financial year and the quarter for which you want to revise the TDS return.
Step 6:
Make the necessary corrections On the next page, you will see the details of the TDS return you want to revise. Make the necessary corrections to the return, such as correcting the PAN or TAN details or adjusting the wrong deductions.
Step 7:
Verify the revised return After making the necessary corrections, verify the revised return. This is done by generating an ‘FVU’ file using the TDS software and verifying it on the website.
Step 8:
Submit the revised return After verifying the revised return, submit it on the website. You will receive an acknowledgement for the revised return.
In conclusion, revising your TDS return online is a convenient and hassle-free process. By following the above steps, you can easily revise your TDS return from the comfort of your home. Make sure to keep all the necessary documents and information ready to ensure a smooth process.