Saturday, November 24, 2012

e-TDS :- How can i correct a challan in OLTAS ?

The fields that can be corrected by deductor through bank are tabulated below:
Sr. No.
Type of Correction on Challan
Period for Correction Request (in days)
1
PAN / TAN
Within 7 days from challan deposit date
2
Assessment Year
Within 7 days from challan deposit date
3
Major Head
Within 3 months from challan deposit date
4
Minor Head
Within 3 months form challan deposit date
5
Nature of Payment
Within 3 months from challan deposit date
6
Total Amount
Within 7 days from challan deposit date
Note:
  • Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011
  • Any correction request initiated by deductor after the time limit specified above shall be rejected by bank
  • Fields that can be corrected and the entity authorized to carry out corrections on challans with challan deposit date less than September 1, 2011 are as below:
Sr. No.
Type of Correction on Challan
To Be Performed By
1
PAN / TAN
Assessing Officer
2
Assessment Year
Assessing Officer
3
Major Head
Assessing Officer / Bank
4
Minor Head
Assessing Officer
5
Nature of Payment
Assessing Officer
6
Total Amount
Bank
7
Name
Bank

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