TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS/TCS statements online. Deductor is required to Login to TRACES, Go to ‘Default’ Menu, Click on “Request For Correction”.
Following are the various facilities available through Online Correction:
1. Rectifying Challan mismatch cases
2. Addition of new Challan to the Statement.
3. Pay 220/interest/levy.
4. Add or Delete Salary Detail.
5. Rectifying Statement Challan Information.
6. PAN Correction.
7. Correction in Personal Information.
8. Add/Modify deductee detail
9. Movement of deductee rows.