Updated Return under Income Tax Act

Have you forgotten to file your income tax returns or missed to report any income in your tax return filed earlier? Relax…because you can file the Updated Return within 2 years from the end of the Assessment year with some additional tax liability. Read the attached article to know more about the Updated Return.

Please note Updated return is not a revised return and has some additional tax impacts. Law and procedures remain the same for the Revised return that can be filed by the end of the Assessment Year.

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