No, it’s not possible to file two tax returns for the same tax year. Filing multiple tax returns for the same tax year is considered a fraudulent activity and can result in penalties and fines from the tax authorities.

In some cases, individuals may need to file an amended tax return if they discover errors or omissions on their original tax return. In these cases, they will file an amended return to correct any mistakes, but they will not file an additional tax return for the same tax year.

If you have questions or concerns about your tax return, it’s best to consult a tax professional or reach out to the tax authorities for clarification.

What is revised filing in income tax?

Revised filing in income tax refers to the process of submitting a revised tax return after the original return has been filed. This may be necessary if an individual or business discovers errors or omissions on their original tax return or if they receive new information that affects their tax liability.

The process of revised filing typically involves submitting a new tax return, along with supporting documentation, to the tax authorities. The revised tax return should include any corrections or updates to the original return, and it should reflect the taxpayer’s current tax situation.

It’s important to note that revised tax returns must be filed within a specific time frame, which is typically set by the tax authorities. If a revised tax return is filed after the deadline, the taxpayer may be subject to penalties and fines.

If you have questions or concerns about revised filing in income tax, it’s best to consult a tax professional or reach out to the tax authorities for guidance.