Dear Forum Members,
I’m seeking guidance on rectifying a short deduction intimation for my 1st regular TDS/TCS 26Q return for Q4 FY 2024-25.
Background:
- I initially filed the return with details of two challans where TDS was deducted at a 2% rate.
- One deductee was linked to both of these challans.
- Due to this short deduction, I recently paid a third challan (in June 2025) to cover the remaining TDS amount (the difference from the 2% rate to the correct rate). This third challan is essentially a “top-up” payment to clear the short deduction.
The Problem:
- CPC sent me an Intimation for Short Deduction Collection.
- To rectify this, I’m filing a correction on TRACES to add this third challan to the statement.
- When I try to add a deductee for this third challan, the system asks for:
- Amount Credited
- Payment Date
My Confusion:
Since this third challan is not for any new payment made to the deductee, but rather a rectification/shortfall payment for previously credited amounts, I’m unsure what to enter in these two columns for the deductee against this third challan.
- Should the “Amount Credited” be the original amount on which TDS was supposed to be deducted, or a portion of it?
- What “Payment Date” should be entered? The date of the original payment to the deductee (even though the challan was paid much later), or the date of payment of this third challan?
I want to ensure I provide accurate information to clear the short deduction default correctly. Any insights or similar experiences would be greatly appreciated!
Thanks in advance for your help.