TRACES Challan Correction — Important Update for FY 2026-27

If you deposited TDS challan in FY 2025-26 (under old IT Act 1961) but it belongs to FY 2026-27 (new IT Act 2025) — here’s how to correct it Use the OLD TRACES portal (IT Act 1961) to submit correction: TaxConceptTax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed […]

If you deposited TDS challan in FY 2025-26 (under old IT Act 1961) but it belongs to FY 2026-27 (new IT Act 2025) — here’s how to correct it

  • The new TRACES portal for Income Tax 2025 compliance does NOT yet support challan correction.

Use the OLD TRACES portal (IT Act 1961) to submit correction:

  • Go to Statement / Payment › Request for OLTAS Challan Correction
  • Existing FY: 2025-26 → New FY: 2026-27
  • Confirm & Submit
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Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.

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