AGM Taxation BSNL CO writes to all Circle Heads regarding Time limit for filling TDS/TCS correction. Copy<<<>>
Earlier, the time limit of six years was prescribed i.e. correction statements with respect to TDS/TCS can be furnished within six years from the end of the financial year in which statement was required to be delivered.
As per section 397(3)(f) of the Income Tax Act, 2025, this time limit of six years has been revised to two years and it will be effective from 01/04/2026.
