Monday, September 26, 2011

Reason for rejection of ETDS correction return & remedial action-Part-1


By on 9:32 AM

Unlike regular (original) returns ,Correction /Revised  returns are frequently rejected by the TIN NSDL .TIN-NSDL has recommended to download consolidated fvu file before filing 2nd time correction return. The reasons for rejection are various ,but as these are system generated rejections so it can easily be understood by going through the various rules for rejection ,a little care will help us to avoid  revision of etds return again and again for same reason/correction.We will send you various reason(42mainly) and remedial action to correct such return in a  series of posts.

In this post topics are
  1. Assessment Year of the statement cannot be updated
  2. Bank BSR code of the challan cannot be updated as payment details mentioned in previous statement (Regular/Correction) has matched with details provided by Bank.
  3. Bank Challan Number of the challan cannot be updated as payment details mentioned in previous statement (Regular/Correction) has matched with details provided by Bank.
  4. Book Cash Entry of the challan cannot be updated as payment details mentioned in previous statement (Regular/Correction) has matched with details provided by Bank.
Assessment year of the statement can not be updated ,if wrongly entered than apply for cancellation of whole return and apply for fresh return.Further as per point 2,3,4 once challan status is shown as matched then details of the challan can not be changed. Etds utility provided by TIN_NSDL automatically locks this fields where challan status shown as matched . But we should check status of our etds return from tin-nsdl first then we should start preparation of correction return.
Error description
Assessment Year of the statement cannot be updated
Explanation
Fields such as TAN, Form No, FY/AY and Quarter of a statement cannot be rectified by filing a correction statement
Course of action
Do not update mandatory fields by filing a correction statement. Deductor should ensure that correct details corresponding to the regular statement for which correction statement is being filed are provided in the mandatory fields while filing a correction statement

Error description
Bank BSR code of the challan cannot be updated as payment details mentioned in previous statement (Regular/Correction) has matched with details provided by Bank.
Explanation
Challan details from the TDS statement is verified with the corresponding payment information provided by the bank. If these details match then the status of challan is updated as 'Booked' and the tax credit is provided to the corresponding deductees with valid PAN. Once the status of challan is 'Booked' no corrections in the challan details are allowed
Course of action
Deductor should check the status of challan in the TDS statement filed at Quarterly statement status view on the TIN website before preparation of correction statement. If the status of challans is Booked then do not file any correction statement for updating the details of such challan

Error description
Bank Challan Number of the challan cannot be updated as payment details mentioned in previous statement (Regular/Correction) has matched with details provided by Bank.
Explanation
Challan details from the TDS statement is verified with the corresponding payment information provided by the bank. If these details match then the status of challan is updated as 'Booked' and the tax credit is provided to the corresponding deductees with valid PAN. Once the status of challan is 'Booked' no corrections in the challan details are allowed
Course of action
Deductor should check the status of challan in the TDS statement filed at Quarterly statement status view on the TIN website before preparation of correction statement. If the status of challans is Booked then do not file any correction statement for updating the details of such challan

Error description
Book Cash Entry of the challan cannot be updated as payment details mentioned in previous statement (Regular/Correction) has matched with details provided by Bank.
Explanation
Challan details from the TDS statement is verified with the corresponding payment information provided by the bank. If these details match then the status of challan is updated as 'Booked' and the tax credit is provided to the corresponding deductees with valid PAN. Once the status of challan is 'Booked' no corrections in the challan details are allowed
Course of action
Deductor should check the status of challan in the TDS statement filed at Quarterly statement status view on the TIN website before preparation of correction statement. If the status of challans is Booked then do not file any correction statement for updating the details of such challan





About Syed Faizan Ali

Faizan is a 17 year old young guy who is blessed with the art of Blogging,He love to Blog day in and day out,He is a Website Designer and a Certified Graphics Designer.

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