Time-bar on correction statements: deductors cannot submit corrections after the prescribed multi-year limitation period expires. The amendment bars delivery of a correction statement by a deductor after the expiry of a specified limitation period measured from the end of the financial year in which the original withholding statement was required to be delivered, while retaining the existing obligation to prepare and furnish statements of tax deducted in the prescribed form and manner.
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Time-bar on correction statements: deductors cannot submit corrections after the prescribed multi-year limitation period expires.
The amendment bars delivery of a correction statement by a deductor after the expiry of a specified limitation period measured from the end of the financial year in which the original withholding statement was required to be delivered, while retaining the existing obligation to prepare and furnish statements of tax deducted in the prescribed form and manner.
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