The Income Tax Act, 2025 has introduced a crucial change in TDS/TCS compliance: the timeline for filing correction statements has been reduced from 6 years to 2 years. Businesses must file all pending TDS/TCS corrections for FY 2018-19 Q4 through FY 2023-24 Q3 by March 31, 2026. Failure to meet this deadline will lead to automatic recovery proceedings, penalties, and compliance complications. Learn about the key changes, understand the implications for your organization, and discover the immediate steps you need to take to ensure full compliance before the deadline expires.