News > 2-year timeframe for taxpayers to correct mistakes in return
2-year timeframe for taxpayers to correct mistakes in return
Orissa Post | 01/02/2022 04:35 PM | Click to read full article
Finance Minister Nirmala Sitharaman gave Tuesday a one-time window to taxpayers to correct any discrepancy or omissions in their ITRs within two years of filing, subject to payment of taxes.
In her 2022-23 Budget speech, the Minister said this is an ‘affirmative step in the direction of voluntary tax compliance’.
