Monday, 21 January 2013

Latest Procedure for correction of statement of Tax Deducted at Source (TDS).

Central Board of Direct Taxes (CBDT) has issued new instructions vide Notification No 03/2013 bearing S.O. 169 (E) dated 15-01-2013 regarding submission of e-TDS correction statements.

Furnishing of correction statement of tax deducted at source.—

(1) A deductor shall furnish the correction statement of tax deducted at source in the form specified by the Director General—

a) at the authorised agency through electronic mode; or
b) online through the portal.

(2) The correction statement referred to in sub-paragraph (1) shall be furnished under digital signature or verified through a process in accordance with the procedure, formats, and standards specified by the Director General.

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