Revising income tax returns (ITRs) multiple times may invite scrutiny from the tax department’s AI-driven systems, warn experts. While there is no limit to the number of revisions allowed under the Income Tax Act, frequent or significant changes may raise red flags. According to Kumarmanglam Vijay, partner at JSA Advocates & Solicitors, multiple revisions without valid reasons could delay refunds or trigger scrutiny. Experts advise taxpayers to revise their returns only if there’s a genuine error that affects tax liability and to keep documentation ready to justify changes.
The article was authored by Kumarmanglam Vijay (Partner), published in Business Standard.
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Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.