Correction in OLTAS / Income Tax / TDS / Direct Tax Challan, Type of Correction and Period for correction

Correction in OLTAS challan i.e. in Challan No. ITNS 280 related to payment of Income tax and Corporation tax, ITNS 281for depositing Tax Deducted at Source / Tax Collected at Source (TDS/TCS) fromcorporates or non-corporates , ITNS 282 forpayment of Hotel Receipts Tax, Estate Duty, Wealth Tax, Gift-tax, Expenditure Tax and Other direct taxes and ITNS 283 or paymentof Banking Cash Transaction Tax and Fringe Benefits Tax.

NSDL receives tax collection data as uploaded by the bank. NSDL is not authorized to carry out any changes in the data sent by the bank to TIN.

The fields that can be corrected by the Taxpayer through Bank are tabulated below:

Sl. No.	Type ofCorrection onChallan	Period forcorrectionrequest (in days)
1	PAN/TAN	Within 7 days from challandeposit date
2	Assessment Year	Within 7 days from challandeposit date
3	Total Amount	Within 7 days from challandeposit date
4	Major Head	Within 3 months fromchallandeposit date
5	Minor Head	Within 3 months fromchallandeposit date
6	Nature ofPayment	Within 3 months fromchallandeposit date

Note :

1.   Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1,   2011.
2.   Any correction request initiated by the taxpayer after the time limit specified above shall be rejected by Bank.
3.   For challans with challan deposit date from September 1, 2011 to September 30, 2011, the time limit for correction in TAN/PAN,   Assessment Year and Amount will be within 45 days from challan deposit date.
4.  The fields that can be corrected and the entity authorized to carry out corrections on challan with deposit date less than  September 1, 2011 are as below:

Sl. No.	Type of Correction onChallan	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