Step-by-Step Guide: How to Transfer TDS from One PAN to Another

Learn the easy steps to transfer TDS between PANs online with our detailed guide.

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To transfer TDS from one PAN to another, follow these steps: 1. Log in to the e-filing portal. 2. Go to 'TDS' and click 'Online Correction'. 3. Select the statement requiring correction and request the file. 4. Open the statement and choose the 'Modify PAN' option. 5. Correct the PAN details and submit the changes. Approval may take a few days.

FAQs & Answers

  1. What is TDS and why would I need to transfer it? TDS stands for Tax Deducted at Source. It's a system where tax is deducted from the income of an individual or business at the source of income. Transferring TDS may be necessary if you change your Permanent Account Number (PAN) or if there are errors in the original PAN's details.
  2. How long does it take to transfer TDS between PANs? The approval process for transferring TDS from one PAN to another typically takes a few days after submitting the changes on the e-filing portal.
  3. Can I transfer TDS online? Yes, you can transfer TDS online by logging into the e-filing portal and following the steps for online correction as outlined in the process.
  4. What should I do if I encounter issues while transferring TDS? If you face issues while transferring TDS, it is advisable to check the procedures on the e-filing portal or contact customer support for further assistance.

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