The Central Board of Direct Taxes (CBDT) has revised the permissible period for filing TDS / TCS correction statements. With effect from 1st April 2026, correction statements will be accepted only for the previous two years. The earlier facility of filing corrections for the previous six years will no longer be available.
Applicability of the Revised Time Limit
Correction statements for the following periods will be accepted only up to 31st March 2026:
- Q4 of FY 2018-19
- Q1 to Q4 of FYs 2019-20 to 2022-23
- Q1 to Q3 of FY 2023-24
From 1st April 2026 onwards, correction statements for the above periods will not be accepted.
For example, during the period from April ’26 to March ’27, Correction Statement will be allowed only from FY: 2023-24 (Q4) onwards. For the subsequent year (April ’27 to March ‘28), it would be from FY: 2024-25 (Q4).
The two-year filing limit will apply to all correction statements submitted on or after 1st April 2026.
Compliance Framework Effective from 1st April 2026
The permitted time limit to file TDS/TCS correction statements will be restricted to two years from the end of the relevant financial year. There will be no scope for rectification after expiry of this period.
The reduction in the correction window requires deductors, collectors, and other stakeholders to complete all pending corrections within the applicable timelines.
Consequences Under the Revised Limit
Failure to file required corrections within the two-year period may result in:
- Unresolved mismatches leading to deductee credit issues
- Penalties between ₹10,000 and ₹1,00,000 depending on the nature of default
- Increased exposure during audits due to uncorrected statements
Correction statements are required to ensure accurate reporting and to avoid disallowances or disputes arising from outdated or unmatched records.
IN MY TDS RETURN FOR THE FINANCIAL YEAR 2025-2026 4TH QUARTER WRONGLY I PUT COLLECTION CODE I.E. SECTION 206CQ INSTEAD OF 194Q. AFTER KNOW THAT THE MISTAKE I WAS GOING TO CORRECTION DEDUCTEE DETAILS ONLINE, BUT THERE IS NO SECTION SHWON OF 194 AND ALL ONLY SHOWING 206 ALL SECTION. HOW TO CORRECTION IT. PLEASE HELP ME.
Could you please clarify the nature of the transaction?
From your query, it appears that you intended to report the transaction under Section 194Q (TDS on purchase of goods), but the return was filed under Section 206CQ, which is a TCS section.
If the transaction has been incorrectly reported in the TCS return, then merely changing the section through online deductee correction may not resolve the issue. In such a case, you may first need to file a correction in the TCS return and remove the utilisation of the challan from that statement so that the challan balance becomes available again.
Thereafter, the challan can be added in the appropriate Form 26Q statement. Once the challan is reflected in Form 26Q, you may obtain a fresh Conso file, if required, and proceed with the necessary correction using the available challan balance.
Since the corrective action may have compliance implications, we recommend consulting your tax advisor/professional before proceeding with the correction.
How to rectify old e-TDS return for F.Y. 2018-19, 2019-20 & 2020-21.
Upto 31st March ’26, the department was allowing corrections for the last six years by filing Correction Statements. From 1st April 2026 onwards, this is now reduced to two years – as such you will not be able to rectify for the years mentioned through filing Correction Statements. However, for meritorious cases the assessee can approach the concerned Income Tax jurisdiction for such corrections.
Sir/Mam,
I filled the 141 but i have one mistake in that
I have mentined wrong property address.
I want to changed the same in online
Can u please in this
Since Form 141 (earlier Form 26QB/26QC/26QD/26QE) is filed using the deductor’s PAN and not a TAN, the correction cannot be carried out through the regular TDS/TCS correction statement mechanism.
You may log in to the TRACES portal and check the correction facility available for the respective form. In case you are unable to make the required correction, we would suggest contacting the helpdesk of the IT Dept. for further guidance. You may also take guidance of a tax professional in this regard.