Rajasthan Teachers Web Portal

Income Tax Department Enables Online Challan Correction Facility

The Income Tax Department has launched an Online Challan Correction Request facility on the e-Filing portal, allowing taxpayers to correct common mistakes in tax payments such as wrong Assessment Year, Tax Year, Major Head, or Minor Head. The facility is available for eligible unconsumed challans from AY 2020-21 onwards and must be used within specified timelines. It helps reduce errors in tax records, prevents issues in Form 26AS and AIS, and simplifies income tax compliance through a fully digital process.

TDS Return Due Date FY 2026-27: Quarterly Filing Dates, New Forms & Penalties Under Income Tax Act 2025

The TDS Return Due Date for FY 2026-27 has been updated under the Income Tax Act 2025, introducing revised return forms, compliance structures, and reporting requirements. Businesses, deductors, and tax professionals must ensure timely monthly TDS deposits and quarterly TDS return filings to avoid penalties and interest charges. The article covers quarterly filing deadlines, monthly challan deposit due dates, new forms replacing Form 24Q, 26Q, and 27Q, PAN verification requirements, correction timelines, certificate issuance schedules, and the penalties applicable for delayed filing or non-compliance. It serves as a comprehensive compliance guide for taxpayers and organizations managing TDS obligations during FY 2026-27.