Quarterly statement submitted to Income Tax Department detailing all tax deducted at source, including deductor TAN, deductee PANs, challan details, and TDS amounts deducted.

Required for errors in deductee PAN/name, incorrect challan details (BSR/date/amount), missing deductees, or under/over-reported deduction amounts.

No fixed deadline exists, but revise immediately to avoid ₹200/day penalty u/s 234E, ₹10,000-1L u/s 271H, and deductee credit delays.

Yes, unlimited corrections permitted until statement achieves 'Regular' status and all validation errors resolved.

Official extract of original TDS data from TRACES website, mandatory base file required for all correction statements.

Download consolidated file → Make corrections → Validate via RPU/FVU → Upload through NSDL e-gov TIN portal.

Yes, accepted revised returns automatically update correct TDS credits in deductees' Form 26AS within 7-15 days.

Penalties u/s 234E/271H, interest demands, deductee complaints, tax notices, and prosecution risks.

Strongly advised due to complex TRACES-RPU-FVU process; errors in correction create additional compliance issues.

No, TAN corrections require separate procedure through jurisdictional AO; most other fields freely editable.

Possible within regulatory time limits (generally 6 years); very old returns may face eligibility restrictions.

Correct only rejected records, prepare new correction statement excluding valid records already processed.

Normal e-filing free; late correction fees may apply + professional service charges for complex corrections.

Isolated to TDS statement unless correction changes tax liability or deductee credits claimed in ITR.