FOR DEDUCTEES : Important Update For Deductees: Reduced Time Limit For Filing Correction Statements by deductors 💡Important For Deductees: Why Timely TDS/TCS Corrections Matter 🔸 What Changed? • The Section 397(3)(f) Of Income Tax Act 2025 Has Reduced The Time Limit For Deductors (Employers, Companies, Vendors) To Correct Errors In TDS/TCS Statements. • If The Deductor Does Not Correct Mistakes Within This Shorter Window, The Errors May Remain Permanently Uncorrected. 🔸 What It Means For You
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