What is corrected TDS statement or revision?

Created by Product Content Team, Modified on Tue, 20 Feb at 2:26 PM by Product Content Team


TDS or Tax Deducted at Source is a system of tax collection used in India. Under the TDS system, a person or entity responsible for making certain payments, such as salary, interest, rent, or professional fees, deducts a specific percentage of tax from the payment at the time of making the payment.


Tax authorities use Tax Deducted at Source (TDS) to collect taxes at the source of income.
After the TDS return is filed with NSDL. If there are errors, the TDS return must be rectified. 

The changes or updates done in the statement are known as the corrected TDS statement. If the TDS return filed is inaccurate, a deductor must submit the corrected TDS statement.


Click here to subscribe to our help videos

Related Links:

Videos-

  • To watch Form 24Q generation video, click here.
  • To watch Form 24Q generation for last quarter (Q4) video, click here.

FAQs- To read more FAQs about Form 24Q, click here.

Documentation- To read more about Form 24Q, click here.

Product Update- To read about the product update, click here.


 

 

 

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article