Namaste,
What is the difference between a revised return and an updated return ? kindly explain .
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Revised vs Updated return
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Quick Summary
Revised return filed under sec. 139(5) of IT act without any penalty, but within due date, generally by end of December of the AY.
Updated return can be filed up to end of 2 years from the end of relevant AY u/s. 139(8A) of the act, with interest and penalty.
Updated return starts where revised revised return deadline ends
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