Monday, September 8, 2025

Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice later

Income Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023-24 Q3. Deductors, collectors must correct errors before deadline. New rules shorten correction window. Experts advise reviewing tax demands, taking action promptly. Missing deadline may cause tax notices, delayed refunds. Act now to avoid issues.

from Tax-Wealth-Economic Times https://ift.tt/ucqgHUt

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