ITR
Time limit for the deductor to correct TDS
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Facts
A Finance Act 2024 change limits correction statements to six years from the end of the financial year in which the original statement was due. Older errors may no longer be correctable. Check dates with the deductor quickly.
Provisions and law
- Sec 200(3) (now Sec 397(3)(b))Deductors must file quarterly TDS statements and can file correction statements
Analysis
For a statement due in FY 2018-19 or 2019-20, the six year window may already have ended or be about to end, so ask the deductor to check on TRACES immediately. If correction is no longer possible, the credit cannot be added to your Form 26AS for that year. You may still rely on Sec 205 if a demand is raised and you can prove deduction. For recent years, act well within the window.
Conclusion
- Note the year and quarter of the missing TDS.
- Ask the deductor to check whether correction is still allowed.
- If yes, push for immediate filing.
- If not, keep proof for any demand dispute.
A Savvy can do this for you
TDS deducted but not credited: claim and grievance
₹1,999
Get this doneAsk a Savvy on WhatsAppGeneral guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.