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TRACES : OLTAS Challan Correction by Deductor

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Sakshi Shah

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TDS Challan
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Last updated on April 27th, 2021

TRACES means TDS Reconciliation Analysis and Correction Enabling System. It is the online portal for administration and implementation of TDS (Tax Deducted at Source) and TCS (Tax Collected at Source). A Deductor can track the status of TDS or TCS Challan online on TRACES. To make correction of Unclaimed Challan and Matched Challan, the Deductor can use service of OLTAS Challan Correction on TRACES.

The approval of Assessing Officer is not required if OLTAS Challan Correction is made in the following fields:

Note: For correction or changes in Section Code 195, the Deductor should contact Jurisdictional Assessing Officer

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Talk to an expert via call, WhatsApp or message. Ask questions about TDS Deduction, TDS Return Filing and Compliance.
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Steps for OLTAS Challan Correction on TRACES

  1. Log in to TRACES

    Log in to TRACES – Enter User Id, Password, TAN or PAN and captchaTRACES - Login Page for Taxpayers

  2. Navigate to the request for OLTAS correction

    Go to Statements / Payments > Request for OLTAS CorrectionTRACES - Request for OLTAS Challan Correction - Navigate

  3. Review the checklist

    Review the checklist and click on ‘Proceed’TRACES - Request for OLTAS Challan Correction - Checklist

  4. Proceed to the CIN details

    You can only correct Financial Year, Minor Head Code (200 and 400), Major Head Code (20/21) and Section Code. Click on ‘Proceed’TRACES - Request for OLTAS Challan Correction - Correct Financial Year, Major Head, Minor Head, Section Code

  5. Enter the CIN details

    Enter the Challan (CIN) Details – BSR Code, Date of Deposit, Challan Serial Number and Challan Amount. Click on ‘Go’TRACES - Request for OLTAS Challan Correction - Challan Details

  6. Proceed to edit the challan details

    If the details of the challan are valid, the user can proceed to edit the challan details. Select the new values of Financial Year, Major Code, Minor Code and Section Code. Click on ‘Submit’TRACES - Request for OLTAS Challan Correction - Enter New Values

  7. Verify the details

    The updated values will appear in the summary table. Verify the details and click on ‘Confirm’

  8. Authorised person

    Details of the Authorised Person will appear on the screen. Verify the details and click on ‘Submit’TRACES - Request for OLTAS Challan Correction - Verify Authorised Person details

  9. Success message

    A success message will appear on the screen with a unique Request Number. You will receive an email on submission of the OLTAS Challan Correction.

Steps to Track OLTAS Challan Correction Request on TRACES

Step 1: Log in to TRACES – Enter User Id, Password, TAN or PAN and captcha

Step 2: Go to Statements / Payments > Track OLTAS Challan Correction Request

Step 3: Search the request using Request Number, Date or View All

Step 4: The status of the correction request will appear on the screen. Click on ‘View New Values‘ to view the updated values. The new values will appear on the screen

FAQs

What are the different status for OLTAS Challan Correction?

1. Submitted to ITD – The correction request has been submitted to Income Tax Department for processing
2. Processed – The correction request has been approved by the Income Tax Department
3. Rejected – The correction request has been rejected by the Income Tax Department. The reason for rejection is mentioned in the Remarks column under Track Correction Request
4. Failed – The correction request cannot be made available due to some technical issues in data loading. The Deductor can submit a new request for correction

What is Unmatched / Mismatch Challan?

When the challan details as per TDS Statement do not match with the challan details as per OLTAS, the challan is considered as Unmatched / Mismatch Challan. The mismatch may be because of:
1. Mismatch in CIN (Challan Identification Number) Details
2. Mismatch in Challan Amount

What is OLTAS?

OLTAS (Online Tax Account System) is a system for collection, accounting and reporting of the receipts and payments of Direct Taxes from all kinds of taxpayers, online through a network of bank branches. 

Got Questions? Ask Away!

  1. Hey @HarishMehta

    Taxpayers or deductee cannot directly download form 16/form16A, the option to download Form 16/ 16A has been given to the Deductor. So, if you need Form 16 / 16A for TDS deducted by your current or previous employer or deductor you will have to contact them for the same. There is no option available on TRACES whereby you can download it yourself.

    Hope this helps!

  2. Hey @Dia_malhotra

    Yes, individuals can still register as a taxpayer on TRACES even if they do not have TAN of the deductor by providing:

    • Assessment Year
    • Challan Serial Number and
    • Amount of tax you have paid

    Hope this helps!

  3. Avatar for saad saad says:

    In my Justification Report it shows an interest payable error whereas I’ve already paid the interest for that particular month According to the regulations what could be the reason for this?

  4. Hi @saad,

    According to regulations, interest payment default/errors may arise due to error in challan details , short deduction, short payment, late deposit of TDS amount. Here, you can file correction statement and revise the return.

    Hope this helps!

  5. The USB e-pass 2003 token device is particular type of a DSC.

  6. Hi @nisshant

    26QB is the challan cum return statement. As soon as you file the form, TDS amount paid by you gets utilized. There are few corrections that are allowed in form 26QB. You can refer to the article below. You cannot get the refund of the taxes paid through an online method. You can contact concerned Assessing Officer (AO) of the Income Tax Department (ITD).

    You can also contact Aaykar Sampark Kendra (ASK) on Toll Free No. 1800-180-1961 to ask for help.

    Hope this helps!

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