TDS RETURN UPDATE: The clock is ticking! Ensure all corrections for FY 2007-08 to 2018-19 are submitted before 31st March 2025.
As per amendment in section 200(3) of the Income-tax Act vide Finance Act, (No. 2) 2024, no correction statement shall be delivered after the expiry of six years from the end of the financial year in which the statement referred to in sub-section (3) is required to be delivered.
In view of the above, correction statements pertaining to Financial Year 2007-08 to 2018-19 shall be accepted only up-to 31st March 2025.
Deductors/Collectors and other Stakeholders may kindly take note.
Source #TRACES Portal
