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of <h1>Inaccurate Income Tax Statement? Inform Authorities Within 10 Days or Fix Within 30 Days to Avoid Penalties.</h1> If a person files an inaccurate or defective statement under the Income Tax Act, they must inform the prescribed income-tax authority within ten days and provide the correct information as prescribed. Alternatively, the authority may notify the person of the defect, allowing them thirty days to rectify it, with possible extensions. Failure to correct the defect within the specified timeframe will result in the application of the Act's provisions as if the person had submitted inaccurate information.
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