Wrong financial year in TDS challan can block tax credit. Here's how taxpayers can correct the error using old TRACES portal during transition ...
TDS challan correction: The issue has emerged as many deductors are filing TDS for Tax Year 2026-27 (FY 2026-27) but accidentally selecting FY 2025-26 under the old Income Tax Act, 1961.
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TDS challan correction for Income Tax Act, 2025 needs to be done using the old TRACES portal; here’s how to do it
In order to deposit Tax Deducted at Source (TDS) with the Income Tax Department, you need to use a challan on the TRACES online portal. But if you had accidentally deposited TDS challan for FY 2025-26 ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...
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