FAQs

You can use the existing Challan, however, if you would like to pay the default/interest on default using a new challan (Which is not there in the statement), then by using "Add Challan to the Statement", you can add the new Challan from the OLTAS to the statement for the closure of the default

(Q5.)In which column do I need to put interest amount for default of Late Deduction (LD)/Late Payment (LP)/Late Filing (LF)?

The amount should be mentioned in "column number 04" which is "Interest" and "column number 14" as "Amount Claimed as Interest".

(Q6.)If Deductor wants to adjust the interest amount through newly added challan, will he be able to close the interest default through Online Correction?

Yes, Deductor can adjust interest through online correction and select the type correction as "Pay 220I, LP, LD, Interest, late filling, levy" Deductor has to mention the amount under the interest and amount Claimed as Interest column and submit the correction.

(Q7.)Can deductor close the default of levy,late filing?

Yes, Deductor has to mention the amount in "levy column number 05" and submit the correction.

(Q8.)What will do if online correction is not enabled on Traces and error is showing kindly file correction through NSDL and the subsequent correction can be filed on TRACES?

In case statement is not processed by TRACES, please file C1 correction (Personal Information) through Consolidate file at NSDL/E-Filing. After processing of C1 correction, you will be able to proceed with online correction.

(Q9.)What if error is showing while filing online correction as PAN of Authorized / Responsible person as per Personal Information of the correction and as per TRACES Profile should be same. Please update PAN of authorized/ Responsible Person in the correction file?

This error occurs if the PAN of authorized person in profile section of the TRACES is different than the PAN mentioned in the Personal Information of the Statement. Deductor need to update the PAN in the Personal Information same as mentioned in the Profile section or vice versa.

(Q10.)What if error is showing Increase in amount claimed as interest , amount claimed as other and Levy should not be greater than the remaining available balance in challan while doing online correction - Pay 220,LP,LD, Late filing?

This error occurs when Deductor claims more than the remaining available balance of the challan.

FAQs

Deductor

Categories

(1)Online Correction

Sub-Categories

(h)Pay 220/LP/LD/LF/Interest