FAQs on Correction Return Preparation more than once on the same Regular Return

How many times can I furnish a correction TDS/TCS statement?

A correction TDS/TCS return can be furnished many times to make changes in the regular TDS/TCS return where as a regular TDS/TCS return will be accepted at the TIN central system only once.

What are the relevant points to be kept in mind while preparing correction return more than once on the same regular return?

One has to keep in mind, the following points while preparing correction return more than once on the same regular return:

1. The TDS/TCS return on which correction is to be prepared should be updated with all details as per all previous corrections.

2. Modifications/addition/nullify in correction returns accepted at the TIN central system only should be considered.

Which Provisional Receipt Number / Token Number should I quote while preparing correction return more than once on the same regular return?

There are two fields for Provisional Receipt Number (PRN) / Token Number in a correction return mentioned below :

1. Original Provisional Receipt Number / Token Number – PRN of the regular return should be mentioned in this field.

2. Previous Provisional Receipt Number / Token Number – PRN of the last accepted correction return should be mentioned in this field. If the value in this field is incorrectly mentioned, the return will be rejected at TIN central system for the reason: Either Previous Provisional Receipt No. provided is incorrect or combination of Original Provisional Receipt Number / Token Number and Previous Provisional Receipt Number / Token Number is not in sequence

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