Updated ITR: Key Changes, Timelines and Tax Implications Under Finance Bill 2025

Shree , Last updated: 03 February 2025  
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Q1. What is an updated return? Which section of Income-tax Act, 1961 deals with updated Income Tax Return (ITR)? Ans. A taxpayer can file a revised return upto 31st December of the assessment year. However, at present if the taxpayer wants to disclose additional income, then he can file an updated

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Shree
(Finance Professional)
Category Union Budget   Report

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