How Do We Correct an Excess TDS Entry in TRACES and Issue a New Form 16A?

Excess TDS has been remitted by us. Now, the party insists on removing the entry and issuing a revised Form 16A. How can we remove that particular entry from the TDS Challan in TRACES?

Your problem is not with the challan. The problem is with your TDS return that you have filed. Please speak to your CA and get it rectified. The process is very simple.

I suggest you correct the return and use the excess TDS in the next month/quarter.

The party is right, as he will be asked by the income tax authority why he didn't show the remaining income (assumed from the excess TDS you showed against his name).

Steps to Remove an Entry from TDS Challan in TRACES

To remove a particular entry from TDS Challan in TRACES, follow these steps:

1. Log in to TRACES.
2. Navigate to the request for correction section.
3. Enter the required details, such as the request number.
4. Search for the request.
5. Complete the KYC validation process.
6. Specify the type of correction needed.
7. Make the necessary corrections in the selected file.

For further guidance, you can visit www.taxblock.in.