How Many Times Can You Revise Your Income Tax Return?
Learn how often you can revise your income tax return to correct errors and avoid penalties.
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Income tax returns can be revised any number of times before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. This allows taxpayers to correct errors or make necessary changes to their original returns without penalty.
FAQs & Answers
- How many times can I revise my income tax return? You can revise your income tax return any number of times before the end of the relevant assessment year or before the assessment is completed, whichever comes first.
- Is there a deadline for revising an income tax return? Yes, revisions must be made before the end of the relevant assessment year or before the completion of the assessment.
- What are the reasons for revising an income tax return? Common reasons include correcting errors, updating income details, or making adjustments for deductions and exemptions.
- Will I face penalties for revising my income tax return? Typically, you will not face penalties for revising your income tax return if you make the corrections before the deadline.