Tax deduction at source is an income tax provision wherein taxpayers making certain payments such as salary, commission, professional fees, interest, rent, and other specified payments are obligated to deduct a percentage of tax before remitting the final payment. The deductor of taxes is further required to furnish a statement of TDS for a given TAN, form, financial year and quarter. The changes or updates made to the original statement are known as a correction statement. However, in case of any corrections in TAN, the assessee will be required to contact the Assessing Officer to make the necessary rectifications. Taxpayers should note that the corrections can be updated in the TDS returns within three days of filing. Also, the taxpayer’s option to file the correction statement is not limited, since modifications in TDS returns can frequently be made to draft the changes in the original TDS report. In this article, we briefly describe the concept of a TDS correction statement.