Effective April 1, 2026, the statutory limit for correcting TDS/TCS returns is 2 years from the FY end. This new rule eliminates unlimited revisions, demanding timely compliance to avoid penalties and ...

Income Tax Return: Form 26AS is an important document for taxpayers as it shows the dates and amounts of taxes you have paid in advance. The statement contains: Tax Deducted at Source (TDS), Tax ...

Taxpayers and deductors are advised to file correction statements promptly to ensure that tax credits are properly reflected ...

The Income Tax department has now notified all seven forms for taxpayers — with most salaried individuals required to submit the details by July 31. Employers are also likely to share Form 16 in the ...

The Income Tax Department has issued an advisory stating that correction statements for TDS and TCS can only be filed for Q4 of FY 2018-19 up to Q3 of FY 2023-24 until March 31, 2026. This means if ...