The Tax Deduction at Source (TDS) was created to collect the tax from the source of the individual’s income, which is refundable. A person (the deductor) who is required to pay another person (the deductee) a defined type of payment must deduct tax at source and remit it to the Central Government.
The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or the TDS certificate issued by the deductor.
The Tax Collection at Source also has access to the rectification facility. A track correction request can also be used to trace the token number of an online rectification statement. It is significant to remember that returns submitted on paper or offline won’t have access to online rectification alternatives.
Steps to Correct TDS online:
The TDS can be corrected through TRACES website.
The Corrections must be made by taxpayers as soon as they are required to do so in order to avoid having your tax payment and reimbursement delayed. Also, you should give the income tax department correct and current information.
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