Income Tax: Time limit introduced for furnishing correction ...

Budget: TDS/TCS correction statements restricted after 6 years from original filing year. Aimed at certainty & curbing misuse. Effective Apr 1, 2025.

July 28, 2024

Notes Bill

Income Tax: Time limit introduced for furnishing correction statements regarding TDS/TCS. No correction statement shall be delivered after expiry of six years from end of financial year in which original TDS/TCS statement was delivered. Amendments effective from April 1, 2025 to ensure certainty and finality in filing process, prevent misuse.

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Income Tax: Time limit introduced for furnishing correction ...

Budget: TDS/TCS correction statements restricted after 6 years from original filing year. Aimed at certainty & curbing misuse. Effective Apr 1, 2025.

July 28, 2024

Notes Bill

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