21 March 2023
The taxpayer cannot file an Updated ITR in the following cases:
To report a loss The updated return reduces the total tax liability declared earlier The updated return results in a refund or increases the refund claimed earlier If a search or survey has been initiated against the taxpayer, books of accounts or assets have been confiscated by the tax authority or there are any pending proceedings or prosecutions against the taxpayer. If your taxable income is below INR 2,50,000 (i.e. Below the basic exemption limit). If your additional tax liability is NIL.
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