Mistake made in ITR? Now there is a chance for improvement till 31st March, but this much fine will also have to be paid. Union Budget 2026 Itr Mistake Correction March 31 Penalty Revised Return Akss

Relief or warning for the middle class

On one hand, the government has given relief to the middle class by extending the time, while on the other hand, the provision of fine clearly indicates that carelessness can now prove costly. It is better that after filing the return, it should be thoroughly scrutinized once and if any mistake is found, then amendments should be made before 31st March.

It is not uncommon to have a mistake in ITR, but ignoring it can cause problems in the future. The new rule definitely gives a second chance to the taxpayers, but the condition is that the reforms should be done in time. Steps taken at the right time can save you from fines, notices and mental stress.