The deadline for filing correction statements for Tax Deducted at Source (TDS) has been extended to March 31. The Income Tax Department announced this extension to provide taxpayers with more time to rectify any errors in their TDS filings. Failure to correct any discrepancies in the TDS statements can lead to penalties and fines. Taxpayers are advised to carefully review their TDS statements and make any necessary corrections before the new deadline. The extension comes as a relief to many taxpayers who may have faced challenges in meeting the original deadline. It is important for individuals and businesses to ensure that their TDS filings are accurate and comply with the regulations set by the Income Tax Department. By taking the time to review and correct any errors in their TDS statements, taxpayers can avoid unnecessary penalties and ensure smooth tax compliance. The extension of the deadline provides taxpayers with an opportunity to rectify any mistakes and submit accurate TDS statements within the specified timeframe. It is advisable for taxpayers to seek assistance from tax professionals if they encounter any difficulties in correcting their TDS filings. Compliance with TDS regulations is essential for individuals and businesses to avoid any potential legal issues or financial repercussions.