Monday, 29 November 2010

 The different types of corrections that can make


The following are the various types of corrections that you can make to an accepted regular TDS/TCS statement:
  1. Update deductor details such as Name, Address of Deductor. This type of correction is known as C1
  2. Update challan details such as challan serial no., BSR code, challan tender date, challan amounts etc. This type of correction is known as C2.
  3. Update/delete /add deductee details. This type of correction is known as C3.
  4. Add / delete salary detail records. This type of correction is known as C4.
  5. Update PAN of the deductee or employee in deductee/salary details. This type of correction is known as C5.
  6. Add a new challan and underlying deductees. This type of correction is known as C9.
  7. Cancel accepted statement. This type of correction is known as Y. Regular TDS /TCS statement can be cancelled only if the TAN of the deductor is to be corrected. After the regular statement with incorrect TAN is cancelled a regular TDS / TCS statement with the correct TAN should be filed.

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