Home > TDS > Service Plan Pricing > TDS or TCS Correction Service PlanLast Updated: Dec 18th 2024
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A comprehensive list of frequently asked questions on TDS or TCS Correction.
TDS Correction means changes in the original TDS return filed. TDS Correction can be done if the deductor misses anything in original return or if there are any defaults in the original return.
Yes , If the PAN given in original return is wrong, you can file TDS correction and rectify it
Paying challan is not sufficient to nullify the demand or default in Traces. You need to file the Correction to nullify
As of now, there is no limit on number of corrections to be filed
Earlier there was no time line for filing TDS/TCS corrections and it can be filed any time.As per Budget 2024, TDS or TCS corrections cannot be done after the expiry of 6 years from the end of relevant financial year.With reference to this, 31st March 2025 is last date for filing TDS/TCS corrections for the financial years 2007-08 to 2018-19. It is the last opportunity to correct your TDS/TCS defaults
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.