Income Tax Act 2025 Amendment: Taxpayers Can File Updated Returns Even After Reassessment Notice

Last updated: 03 February 2026

The Union Budget 2026 has proposed amendments to the Income Tax Act, 2025, enabling taxpayers to file updated income tax returns even after the issuance of reassessment notices. Currently, Section 263(6) of the Act allows taxpayers to file an updated return within 48 months from the end of the fina

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