Incorrect claims in TDS and TCS statements include inconsistent entries and tax rates contrary to applicable income-tax provisions.

An incorrect claim apparent from information in a TDS/TCS statement includes a claim based on an entry inconsistent with another entry in the same statement. It also includes a claim using a tax deduction or tax collection rate not in accordance with applicable income-tax provisions. The Income-tax Act, 2025 applies this definition jointly to TDS and TCS, whereas the Income-tax Act, 1961 contains separate equivalent definitions for TDS and TCS statements.

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