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CA. KEJAL PANDYADISA, DIRMPartnerCNK & Associates LLPChartered Accountants kejal@cnkindia.comAll Saurashtra-Kutch Women Conference

E-FILING UNDER THE INCOME TAX ACT, 1961CONTENTWhen Income Tax Return is Mandatory and Due Dates of ITR Filling.List of ITRs with applicability and non-applicability Comparison among ITRs ( Notified)E-filling and applicabilityHardware requirement for E-fillingIssues after Registration Extension of Time Limit for ITR-V submission EVC for electronically filed Income tax ReturnE-Verification ProcessOnline and offline E-filling of TDS StatementBasic requisites while filling of TDS return Penalties on TDS/TCS Defaults Important Issues

E-filing OF INCOME TAX RETURNS

When Income Tax Return Is Mandatory?Only When:

Total income exceeds the basic threshold limitCarry forward of business/capital loss to the next year

Or When a Person Has:

Any asset located outside IndiaSigning authority in any account located outside India

Which is ITR filing Due Date?Sr No.Different SituationsDue Date of submission of return1Where Individual subject to transfer pricing regulations [Where assessee is required to furnish a report in Form No.3CEB under Section 92E pertaining to International transaction(s)

30th November

2Where account of individual are required to be audited under any law30th September

3All other cases31st July

Who can use ITR 1 (Sahaj)Income from Salary/Pension orIncome from One House Property (excluding cases where loss is brought forward from previous years) or Income from Other Sources (excluding winning from Lottery and Income from Race Horses)Note:Further, in a case where the income from another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, these Return Form can be used only if the Income being clubbed falls under the above categoriesWho cannot use ITR 1 (Sahaj)Income from more than one House Property orIncome from winning from Lottery or income from winning from Race Horses orIncome under the head "Capital Gains" ,e.g., short term capital gains or long term capital gains from the sale of house, plot, shares etc. orIncome from agriculture/exempt income in excess of ` 5,000 orIncome from Business or Profession orLoss under the head 'Income from other sources' orPerson claiming relief of foreign tax paid under section 90 and/or 91orAny resident having an asset (including financial interest in any entity) located outside India or signing authority in any account located outside IndiaWho can use ITR 2Income from Salary / Pension orIncome from House Property orIncome from Capital Gains orIncome from Other Sources (including Winning from Lottery and Income from Race Horses). Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.

Who cannot use ITR 2This Return Form should not be used by an Individual or a Hindu Undivided Family whose Total Income for assessment year 2015-16 includes Income from Business or ProfessionWho can use ITR 3This Return Form is to be used by an individual or an Hindu Undivided Family for the assessment year 2015-16 who is a partner in a firm and where income chargeable to income tax under the head "Profits or gains of business or profession" does not include any income except the income by way of any interest, salary, bonus, commission or remuneration, by whatever name called, due to, or received by him from such firm. In case a partner in the firm does not have any income from the firm by way of interest, salary, etc. and has only exempt income by way of share in the profit of the firm, he shall use this form only and not Form ITR2.Who cannot use ITR 3This Return Form should not be used by an individual whose total income for the assessment year 2015-16 includes Income from Business or Profession under any proprietorship.

Note: This form is not notified yet at Income Tax site. Who can use ITR 4S (Sugam)Business income where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income orIncome from Salary/Pension orIncome from One House Property (excluding cases where loss is brought forward from previous years) orIncome from Other Sources (Excluding winning from Lottery and Income from Race Horses)Who cannot use ITR 4S (Sugam)Income from more than one House Property orIncome from winning from Lottery or income from Race Horses orIncome under the head "Capital Gains", e.g. Short term capital gains or long term capital gains from the sale of house, plot, shares etc. orIncome from agriculture/exempt income in excess of ` 5,000 orIncome from Speculative Business and other special incomes orIncome from a profession as referred to in subsection (1) of section 44AA or income from agency business or income in nature of commission or brokerage orContiPerson claiming relief of foreign tax paid under section 90, 90A or 91orAny resident having an asset (including financial interest in any entity) located outside India or signing authority in any account located outside India.

Who can use ITR 4This Return Form was to be used by an individual or a Hindu Undivided Family for the assessment year 2015-16 who is carrying out a proprietary business or profession.

Note: This form is not notified yet at Income Tax site for A.Y. 2015-16.

Who can use ITR 5This Return can be used by a person being a Firm, LLPs, AOP, BOI, Artificial Juridical Person referred to in section 2(31) (vii), Cooperative Society and Local Authority.Who cannot use ITR 5A person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D) shall not use this formNote: This form is not notified yet at Income Tax site for A.Y. 2015-16.Who can use ITR 6This return can be used by a CompanyWho cannot use ITR 6Company claiming exemption under section 11 shall not use this form.

Note: This form is not notified yet at Income Tax site for A.Y. 2015-16.

Who can use ITR 7This Form can be used by persons including Companies who are required to furnish return under section 139(4A) or 139(4B) or 139(4C) or 139(4D).It covers trusts, political parties, Scientific research centres, college/universities

Note: This form is not notified yet at Income Tax site for A.Y. 2015-16.New Form ITR-2AForm is for Individuals and HUFs not having income from Business and Profession and capital Gains and who do not hold foreign assets. There is no schedule of foreign travel and expenses incurred during the year. FormsComparison between ITR of AY 2014-15 and 2015-16 ITR 1-SahajPoint of ComparisonA.Y. 2014-15A.Y. 2015-16Aadhaar numberNoYesSchedule BANoDetails of bank Accounts held in India at any time during the P.Y. Details for Bank AccountsNumber of bank accounts held by assessee at any time (including opened/closed) during P.Y.IFSC CodeName of the BankName of the Joint holders, if anyAccount NumberAccounts Balance as on 31st March of the P.Y.

Other PointsGenerally, assessee has to mention bank account details in which he/she is a first account holder. If first account holder is minor then in that case guardian of minor has to mention this bank account detail in his/her Return of Income. Operative Bank Account not defined

ITR 2 Point of ComparisonA.Y. 2014-15A.Y. 2015-16Aadhaar numberNoYesCapital GainDirectIn details Short Term Capital Gain now rate wise details neededShort Term Chargeable @15Short Term Chargeable @30%Short term chargeable to applicable rateLong Term Capital GainLong term chargeable @10%Long term chargeable @20%

Conti..ITR 2 Point of ComparisonA.Y. 2014-15A.Y. 2015-16Foreign IncomeNoSchedule FAForeign TravelNoSchedule FTCG A/c Details in both case STCG, LTCGNoYesWhether any amount of unutilized capital gain on asset transferred during the P.Y was deposited in the CG A/c scheme within due date of that year. If yes, New asset acquired/constructedMention year and amount utilizedAmount not used for new asset or remained utilized in CG A/c.Conti..ITR 2 Point of ComparisonA.Y. 2014-15A.Y. 2015-16STCG/LTCG for Non residentNot in detailYesFor Non-resident STCG/ LTCG included in A1-A6 but not chargeable to tax in India as per DTAACountry name, codeArticle of DTAAWhether Tax Residency Certificate obtained?Amount of STCG/LTCGConti..ITR 2 Point of ComparisonA.Y. 2014-15A.Y. 2015-16IOS taxability under DTAANot in detailYesFor Non-resident Income chargeable to be taxed under DTAAName of Country, codeArticle of DTAARate of tax under DTAAWhether TRC obtained?Corresponding section of the Act which prescribes rateAmount of IncomeConti..ITR 2 Point of ComparisonA.Y. 2014-15A.Y. 2015-16Schedule SINoOne more detail required to be mentioned regarding Income chargeable under DTAA rateConti..ITR 2 Agriculture IncomeNet agriculture incomeGross agriculture income Gross Agricultural IncomeLess: Expenditure incurred on agriculture Unabsorbed Agriculture loss of previous eight A.Y. Net Agricultural IncomeConti..ITR 2 Schedule BANoDetails of bank Accounts held in India at any time during the P.Y.Schedule FADetails of Foreign Assets Details of Foreign Assets and Income from any source outside India Details of Foreign Bank Accounts held (including any beneficiary interest) at any time during the P.Y. Additional details to be provided are as follows.>> Status- Owner/ Beneficial Owner/ Beneficiary >> Account opening date>> Interest accrued in the account >> Interest taxable and offered in this return-- Amount-- Schedule where offered -- Item number of scheduleDetails of Financial Interest in any entity held (including any beneficiary interest) at any time during the P.Y. Additional details to be provided are as follows..>> Nature of interest-direct/ Beneficial Owner/ beneficiary >> Date since held>> Income accrued from such interest >> Nature of Income>> Income taxable and offered in this return-- Amount-- Schedule where offered-- Item number of schedule

Details of immovable property or any other capital asset held (including any beneficiary interest) at any time during the P.Y. Additional details to be provided are as follows..>> Ownership- Direct/ Beneficial Owner/ Beneficiary >> Date of Acquisition >> Income derived from the property >> Nature of Income>> Income taxable and offered in this return-- Amount-- Schedule where offered-- Item number of scheduleDetails of account(s) in which you have signing authority held (including any beneficial interest) at any time during the P.Y. and which has not been included in above. Additional details to be provided are as follows.>> Whether income accrued in taxable in your hands?>> If yes,, income accrued in the account>> If yes, income offered in this return -- Amount-- Schedule where offered-- Item number of scheduleDetails of trusts, created under the laws of country outside India, in which you re trustee, beneficiary or settler>> Date since position held >> Whether income derived is taxable in your hands?>> If yes, Income derived from the trust>> If yes, Income offered in this return-- Amount-- Schedule where offered-- Item number of ScheduleDetails of any other income derived from any source outside India which is not included in above and Income under the head Business and Profession>> Country name and code>> Name and address of the person from whom derived>> Income derived>> Nature of Income>> Whether taxable in your hands?>> If yes, Income offered in this return-- Amount-- Schedule where offered-- Item number of scheduleConti..ITR 4SPoint of ComparisonA.Y. 2014-15A.Y. 2015-16Aadhaar numberNoYesSchedule BANoDetails of bank Accounts held in India at any time during the P.Y. Schedule BPThere are two different parts regarding Presumptive Income from Heavy Vehicles and from Other VehiclesThere is no such bifurcation. Specify only Total Presumptive Income from Goods Carriage.

E-Filing of Returns is mandatory for:Any assessee having total income of Rs. 5 Lakhs and above for from AY 2013- 14 and subsequent Assessment Years.Individual/ HUF, being resident, having assets located outside India from AY 2012-13 and subsequent Assessment Years.An assessee required to furnish a report of audit specified under sections 10(23C)(iv), 10(23C)(v), 10(23C)(vi) , 10(23C)(via) , 10A, 12A(1)(b), 44AB, 80-IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E or 115JB of the Act, shall furnish the said report of audit and the return of Income electronically from AY 2013-14 and subsequent Assessment Years.All companies.Conti..An assessee required to give a notice under Section 11(2)(a) to the Assessing Officer from AY 2014-15 and subsequent Assessment Years (trusts using less than 75% of their income).Firm (to whom provisions of section 44AB is not applicable), AOP, BOI, Artificial Juridical Person , Co-operative Society and Local Authority required to file ITR 5 from AY 2014-15 and subsequent Assessment Years.An assessee required to furnish return u/s 139 (4B) in ITR 7 political parties.A resident who has signing authority in any account located outside India.A person who claims relief under sections 90 or 90A or deduction under section 91.

Hardware Requirement of E-fillingIncome Tax Department recommends Mozilla Firefox (version 22.0, 21.0, 20.0 and above) Google Chrome (version 26.0.x, 27.0.x, 28.0.x and above) Internet Explorer (version 8.0, 9.0, 10.0 and above) Safari (version 4.0, 5.0 and above)

OPERATING SYSTEM Windows XP with Service Pack 3/Windows 7/Windows 8

JRE 1.7 update 13 and above (32 bit) is required to run applets for Digital Signatures and offline forms to work. You may download this at http://java.com/en/download/manual.jsp

Digital Signature The Digital Signature Certificate (DSC) to be used in e-Filing the Income Tax Return/Forms should be registered on e-Filing application.Login to the URL of e-Filing application select Profile Settings Register Digital Signature.You get 2 choices either to Select Sign with .pfx fileSign with your USB tokenClick submit after selecting one of the above choices. Success message will be displayed on the screen.

Issues after Registration -Forgot PasswordIn e-Filing application home page, click Login Here button.

Conti..Click Forgot Password Link. Enter User ID and captcha

Conti..Select the option, Answer Secret Question.

Notes:Keep contact details like address, mobile no and email id of the assessee updated

If the Income Tax Return is uploaded with DSC (digitally signed), on generation of "Acknowledgement", the Return Filing process is complete. The return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notificationsConti..If the return is not uploaded with a DSC (digitally signed), on successful upload of e-Return, an ITR-V Form will be generated. This is an Acknowledgement cum Verification form. A duly verified ITR-V form should be signed and submitted to CPC, Post Bag No. 1, Electronic City Post Office, Bangalore - 560100 by Ordinary Post or Speed Post (without Acknowledgment) ONLY, within 120 days from the date of e-Filing.

Conti..On receipt of the ITR-V at CPC, the return will be further processed and the Assessee will be notified accordingly. Please check your emails on these notifications.It is mandatory to file Income Tax Forms using Digital Signature Certificate (DSC) by a Chartered Accountant.

Extension of Time Limit for ITR-V submission Extension of time limit for submitting ITR-V for electronically (without digital signature certificate) filed returns for

Notifications No: 1/2015 under the CPC Scheme 2011. Date 13/07/2015A.Y. 2013-14 (filed on or after 1st April, 2014 till 31st March, 2015)A.Y 2014-15 (filed on or after 1st April, 2014 till 30th June, 2015)These ITR-V forms can now be submitted up to 31st October, 2015 or within the period of 120 days from the date of uploading of the electronic return data, whichever is later. After e-Filling of ReturnEVC for Electronically Filed IT ReturnThe Electronic Verification Code (EVC) would verify the identity of the person furnishing the return of income and would be generated on the E -filing websitehttps: //incometaxindiaefiling.gov.in.The EVC can be used by a Verifier being an Individual to verify his Income Tax Return or that of an HUF of which he is the Karta in Income Tax Return Form 1, 2, 2A, 3, 4 or 4S or the Income Tax Return Form filed in ITR 5 or 7 of any person in accordance withSection 140of theIncome Tax Act 1961. Notification No: 2/2015 Electronic Verification Code for electronically filed Income Tax Return. Date: 13/07/2015. The notification will come into effect from the date of issue.Conti..The EVC would be unique for an Assessee PAN and will not valid for any other PAN at the time of filing of the Income Tax Return.One EVC can be used to validate one return of the Assessee irrespective of the Assessment Year or return filing type (original or revised). The EVC will be valid for 72 hours or as otherwise specified. The Verifier can use more than one mode to obtain EVC and can generate the EVC multiple times. The notification will come into effect from the date of issue.The EVC will be a 10 digit alpha -numeric number.e-Verification ProcessStep: 1Login to e-Filing Portal Step: 2Click e-File Select e-Verify Return to view the Returns pending for e-Verification.

Conti..Step: 3Click on e-Verify link to e-Verify the return.

Conti..The Taxpayers are provided with three options if the return is already filed.

Conti..Option 1: I already have an EVC to e-Verify my return Taxpayer need to enter the pre generated EVC in the provided text box and Click Submit to e-Verify. No Further action required.

Conti..Option 2: I do not have an EVC and I would like to generate EVC to e-Verify my return

Conti..If the Taxpayers Total Income is greater than Rs. 5 lakhs or if there is refund, Taxpayers are provided with only one option EVC Through Net Banking Conti..EVC Through Net Banking:

Conti..Click on Continue, Taxpayer is logged out of e-Filing and will be redirected to the list of banks available for Net Banking Login.

Conti..EVC To Registered Email Id and Mobile Number Click EVC to Registered Email Id and Mobile Number (This option would be available for taxpayer whose Total income is Less than 5 Lakhs and there is no Refund) Enter the EVC received in your Mobile Number and Email Id in the provided text box and Click Submit. No Further action required. Success message will be displayed. No further action is required.

Conti..Option 3: I would like to generate Aadhaar OTP to e-Verify my return.

Pre-requisite: To generate Aadhaar OTP, Taxpayers PAN and Aadhaar must be linked. NSDL links PAN data with Aadhar data base available with UIDAI .. Correct and same data with both authorities is needed for linkingConti..If the Taxpayers PAN and Aadhaar are not linked, the below pop up is displayed.

Conti..Click Link Aadhaar, taxpayer will be redirected to Link Aadhaar Page under Profile Settings Taxpayer to enter the Aadhaar Number to link his/her Aadhaar to PAN. If the Taxpayers PAN and Aadhaar are linked, the below pop up is displayed.

Conti..OTP is generated and sent to the Mobile Number registered with Aadhaar. sent by UIDAIEnter Aadhaar OTP in the text box provided and click on Submit. Success page is displayed. No further action is required.

OTP through ATMRequest for EVC can be made by using ATM card of the bank registered with income tax department for this facilityA new option in ATM machines will be made available by the bank for this purpose after PIN verificationThis request will be sent by bank to income tax department e filing website, which will generate EVC and send it on the mobile number registered with e-filing websiteIssues in EVCFor small refund cases, obtaining net banking will be mandatory.. Whether the client knows to use internet/net banking facility or notAre the bank details provided in ITR and bank account used for EVC connected? Any cross verification done for such bank accounts?EVC will have to be generated by client and then to be given to their consultants as it is to be generated through their net banking facility additional task for us to educate the client to generate the same

Conti..Cases where EVC through Net banking is mandatory, the facility of EVC through other modes like through Aadhar / e-mail & mobile no. is available this contradicts with the circular for EVCPAN and Aadhar linking mismatch appears and following error message appears reason for mismatch is not given..69Issues in Aadhar Card Link

Other online activities Response to the transaction based enquiry by Income Tax Department (TDS deducted but not claimed in return, share trading transactions, etc)Rectification u/s. 154 of the Income Tax Act, 1961Defective returnsChange in contact detailsChange in bank details View of return status demand or refund for all AY after online e-filing facility E-filing of TDS return

Online Upload ProcedureElectronic statements (e-TDS/TCS/AIR) can be uploaded online to the TIN central system only for those TANs which have been associated with the organisation and duly authorized by NSDL e-Gov.A user can upload electronic statements online only for TANs associated with it.Digital Signature is mandatory for online TDS return filing. Electronic statements should be prepared as per the data structure prescribed by the Income Tax Department (ITD). The data structure is the same as prescribed by ITD for furnishing of electronic statements through TIN-FCs.

Conti..After preparation of the electronic statement, entities have to verify the electronic statement through the latest version of File Validation Utility (FVU) provided by NSDL e-Gov which can be freely downloaded from theTIN web-site. The upload file generated by the FVU is to be uploaded online.The length of the filename should not be more than eight characters. The filename can be alphanumeric. No special characters are allowed in the filename.The user willloginto the TIN central system by signing with the DSC mapped with it. On authentication of the DSC, the user will get access to the online upload system.

Conti..After successful login, the user will select'Upload'option from the main menu and select sub option"TDS/TCS"and upload the electronic statement online to the TIN central system by digitally signing the upload.The DSC will be authenticated by NSDL e-Gov. On successful authentication the electronic statement will be uploaded and a file reference number will be generated.If DSC authentication fails the electronic statement will not be uploaded.

Conti..The status of the electronic statement uploaded can be viewed by selecting'File Status'from the main menu. In case of an accepted electronic statement, a Provisional Receipt will be generated.Entities using the online upload of electronic statements facility will not submit Form 27A, CD / Pen drive for accepted electronic statements to TIN-FC or NSDL e-Gov.

Preparation of E-TDS Returne-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the Income Tax Department website (www.incometaxindia.gov.in) and NSDL-TIN website (www.tin-nsdl.com). Validation software (File Validation Utility) is available along with the data structure which should be used to validate the data structure of the e-TDS/TCS return prepared. Offline E-TDS Return Precautions while submitting Form: 27AThere is no overwriting/striking on Form No. 27A. If there is any, the same should be ratified and signed by the authorised signatory.Name and TAN of deductor and control totals of 'amount paid' and 'income tax deducted at source' mentioned on Form No. 27A should match with the respective totals in the e-TDS/TCS return.All the fields of Form No. 27A are duly filled.

FVU- File Validation UtilityAfter preparing e-TDS/TCS return check/verify the same by using the File Validation Utility (FVU). FVU is a program developed by NSDL, which is used to ascertain whether the e-TDS/TCS return file contains any format level error(s).When e-TDS/TCS return passes through FVU, it generates an 'error/response file'.

NO ERRORERRORWhat is Control Total ?The Control Totals in Error/Response File are generated only when a valid file is generated. Otherwise, the Error/Response File shows the nature of error. The control totals are as under:

Number of deductee/party records:In case of Form 24Q, it is equal to the number of employees for which TDS return is being prepared. 10 payments to 1 employee would mean 1 deductee record. In case of Form 26Q/27Q, it is equal to the total number of records of tax deduction. 10 payments to 1 party would mean 10 deductee records.Conti..Amount Paid: This is the Total Amount of all payments made on which tax was deducted. In case of Form 24Q, it is equal to the Total Taxable Income of all the employees. In case of Form 26Q/27Q, this is equal to the total of all the amounts on which tax has been deducted at source.Tax Deducted: This is the Total Amount of tax actually deducted at source for all payments.Tax Deposited: This is the total of all the deposit challans. This is normally the same as Tax Deducted but at times may be different due to interest or other amount. The notice will come afterwards if in return, there is difference in tax deducted and tax deposited Penalties on TDS/TCS Defaults SectionNature of Defaults Penalty 271CFailure to deduct/collect whole/part of TDS/TCSAmount equal to Tax272AFailure to issue TDS CertificateRs. 100/- per day of delay BUT less than Tax Liability276BIf a person fails to pay to the credit of the Central Government within the prescribed time, as above, the tax deducted at source by him, he shall be punishable with rigorous imprisonment for a term which shall be between 3 months and 7 years, along with fine.234EFee for default in furnishing quarterly returns of TDS/TCSRs. 200/- per day of delay BUT not greater than Tax liability (TDS Deposited in particular Quarter)271HPenalty for incorrect information OR Failure to furnish statements

Minimum Penalty of Rs. 10,000/- and it can extend upto Rs. 1,00,000/-Interest on TDS/TCS Defaults Description Rate Period from Period toFailure to deduct tax at source1% p.m.*Due date of deduction

*Due Date- Date of payment or Date of Booking/Credited Whichever is earlier Actual Date of deductionFailure to deposit tax in time1.5 % p.m. Month of DeductionMonth of DepositDelay is calculated on the basis of number of Months & not as per Number of days. Therefore payment of TDS before due date is advised to avoid Interest on TDS @1.5% per month

Issues of PAN In case PANs of some of the deductees are not available for quoting in the TDS statement, tax needs to be deducted at a higher rate as prescribed by ITD and flag such deductee records as C in the statement.

In case of TCS statement, PAN quoting compliance of 85 % is mandatorily required for validation. In view of this, it is recommended that the original TDS return should be filed only with records with valid PAN comprising 85% of valid PAN and the records for the remaining deductees may be reported through correction statement as and when PAN details are received.Conti..Deductor would be liable for short deduction in case of invalid PAN. Rectification of more than 4 characters in the PAN not permissible. ( 2 digits and 2 letters )

Conti..In case rectification of more than 4 characters in the PAN is needed i.e 2 digits and 2 letters then, in correction statement. Remove the original entry firstAdd the new entry in correction file instead of editing the entry

TDS CertificatesGeneration of Form 16 and 16A is to be done within 15 days from the due date of filling of return. The online generation of TDS Certificate through TRACES requires the TDS statement filed to be duly processed. In case of revision, the revised return needs to be processed for issue of fresh certificate to the relevant vendors.

Payment of TDS / TCSITNS 281 has to be used to deposit TDSTax is to be deposited by 7th of the next month and in case of tax for March, by 30th April. If the due date is public holiday, tax can be paid on the next day following such a date. However, the system does not recognize such a clause and notices for interest on delay in payment may be received. Conti..Mistakes in challan In case of online payment of challan, request for rectification can be made with the jurisdictional TDS A.O.In case of physical challan, request for rectification can be made to the bank within the specified time frame.After specified no of days , rectification application can be filed with the jurisdictional A.O. Correction required in field namePeriod of Correction Request (from Challan Deposit Date)TAN7 DaysAssessment Year7 DaysAmount 7 DaysOther fields ( Major Head, Minor Head, Nature of Payment) Within 3 monthsConti..The changes can be made by banks, subject to following conditions:Correction in Name is not permitted.Combination of correction of Minor Head and Assessment Year together is not allowed.TAN correction will be allowed only when the name in the Challan matches with the name as per the new TAN.The changes of amount will be permitted only on the condition that the amount so corrected is not different from the amount actually received by the bank and credited to Government account. Conti..For a single challan, correction is allowed only once. However, where first correction request is made only for amount, a second correction request will be allowed for correction in other fields. There will be no partial acceptance of change correction request, i.e. either all the requested changes will be allowed, if they pass the validation, or no change will be allowed, if any one of the requested changes fails the validation test. Issues while processing and filing

Steps to follow

ConflictsThere are 3 authorities currently in picture handling TDS related matters for the department. Some common problems faced by deductors are:Jurisdictional officers refuse rectification applications on the ground that it should be filed with CPC. CPC blames delay in processing return on NSDL.NSDL blames the delay on CPC. Rectification accepted by A.O is not communicated to CPC and reminder of the demand is received after some time- often with interest u/s 220(2).

Never give up..!!