Revising Income Tax Return, the word Revise means Examine and make Corrections or Alterations to (written or printed matter).
Revising Income Tax Return
An Income Tax Return can be revised within five (5) years of being originally filed to correct any omission or wrong statement discovered later on.
Revising Wealth Statement
A Wealth Statement (statement of assets and liabilities) can be revised in Iris before receipt of the notice under sub-section (9) of section 122 of the Income Tax Ordinance, 2001 without the need to file an application seeking approval for revision.