Intimation regarding filing of correction returns-Up to FY-2023-24

This is to bring to your attention that the Income Tax Act 1961 stands repealed w.e.f 01.04.2026 by virtue of section 536 of Income Tax Act 2025.

Further, as per section 397(3)(f) of Income Tax Act, 2025, deductor/collector may make a e-TDS correction statement within two years from the end of the tax year in which such statement is required to be delivered under the said clauses or under section 200 of the Income-tax Act, 1961.

Consequent to the above, correction statements for FY 2018-19 (Qtr. 4), FY 2019-20 to 2022-23 (Qtr. 1 to Qtr. 4) and FY 2023-24 (Qtr. 1 to Qtr. 3) shall be accepted only up-to 31st March 2026. The same are time barred by limitation on 31.03.2026 and would not be accepted from 01.04.2026 onwards.

Deductors /Collectors may kindly take note of the same and they are advised to take necessary steps to ensure all corrections (like PAN errors, short deductions, challan mismatches, or other rectifications) for the above period, if any, are carried out in time as filing of the same for above period would be barred by limitation on 31.03.2026. Post this date, the facility for filing correction statements for the said financial year is expected to be disabled on the TRACES portal.