Returns/statements relating to TDS/ TCS should be complete and correct. However, Income Tax Department has provided a procedure for correction of any mistake in the original returns/statements by submitting 'correction returns/statements'.

Step – I

To prepare correction statement, first download Consolidated TDS/TCS file after login at TRACES login at www.tdscpc.gov.in

Step – II

Import consolidated TDS/TCS file and Prepare the Correction statement as per the applicable Category;

Step – III

Furnish only those records which require Corrections;

Step – IV

Fill provisional receipt number of regular and previous correction statements

Step – V

After preparation of correction statement, the same is to be validated through File Validation Utility (FVU).

Step – VI

Furnish validated (.fvu) correction statement with a TIN-FC or directly through NSDL web-site (www.tin-nsdl.com).