Updated Return Rules Amended: Filing of Loss-Adjusted Returns Allowed from FY 2026-27

Last updated: 02 February 2026 Follow on Google News

The Government has proposed an amendment to Section 263 of the Income Tax Act, 2025, to expand the scope for filing updated returns of income. Currently, Section 263(6) allows taxpayers to file an updated return within 48 months from the end of the financial year following the relevant tax year, sub

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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