TDS Correction Statement.
A correction statement fixes errors in a TDS or TCS statement already filed, such as a wrong PAN, an unmatched challan, a missing deductee or the wrong section. Periods up to March 2026 are corrected in the old forms (24Q, 26Q, 27Q, 27EQ); later periods use Forms 138, 140, 144 and 143. We prepare and file corrections so payees receive their credit and defaults are cleared.
Typically 3–7 working days after the consolidated file is available; the number of errors and whether challans need correcting through the bank or Assessing Officer drive the time.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Deductors with PAN errors or missing entries flagged on TRACES
- Businesses whose payees report missing TDS credit
- Deductors who quoted an old section number after April 2026
- Anyone with a TRACES default intimation
What you receive at the end.
- 01Error analysis with the corrections made
- 02Filed correction statement with acknowledgement
- 03Updated TRACES status showing defaults cleared
- 04Revised certificates (Form 130 or 131, or Form 16 or 16A for earlier periods)
TDS Correction Statement, step by step.
Typically 3–7 working days after the consolidated file is available; the number of errors and whether challans need correcting through the bank or Assessing Officer drive the time.
- 1
Diagnose the error
We review the TRACES default summary and justification report, or the payee's complaint, to locate each error.
- 2
Get the consolidated file
We request the consolidated file for the original statement from TRACES.
- 3
Prepare the correction
We prepare the correction in the Protean utility, or use TRACES online correction for PAN and challan changes where that route is available.
- 4
File and verify
We upload the correction on the e-filing portal quoting the original statement's token number, and e-verify it.
- 5
Confirm and reissue
After processing we confirm the default is cleared and reissue revised certificates to affected payees.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Token numbers of the original statements
- TRACES default summary or justification report
- Corrected PANs, challan details or deductee records
- Access to TRACES and the e-filing portal for your TAN
- Digital signature, if online correction is used
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about TDS Correction Statement.
Ready to discuss TDS Correction Statement?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.