Duty to remit deducted tax: timely payment, prescribed reporting and a limited correction window for withheld amounts. Persons who deduct tax at source must remit the deducted tax to the Central Government within the prescribed time and manner, prepare and deliver prescribed, verified statements containing prescribed particulars to the authorised income-tax authority, and may submit correction statements to rectify or update information in the original statement in the specified form and manner, subject to a statutory time-limit.