Correction Statement

Tax Glossary Definition

Correction Statement

A correction statement is a revised TDS (Tax Deducted at Source) or TCS (Tax Collected at Source) return filed to rectify errors or omissions in the originally submitted statement. It ensures that the tax details are accurate and correctly reflected in the taxpayer’s account.

Example: A correction statement is filed if the PAN of a deductee was entered incorrectly in the original TDS return.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App