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.
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 ...