Mistakes in ITR can be corrected until March 31, but a penalty is inevitable!
After the Union Budget, discussions on new tax rules have heated up among the working and middle class sections. If mistakes are made while filing income tax returns (ITRs), there is now time till March 31 to correct them. However, if you file or revise your ITR late, you will have to pay a penalty. The amount of the penalty will be decided based on your income. This rule will benefit salaried people and young people filing taxes for the first time.
