Taxpayers permitted to file only one Updated Income Tax Return for an Assessment Year, says CBDT Chairman

The Central Board of Direct Taxes (CBDT) Chairman, J B Mohapatra has stated that the taxpayers are permitted to file only one Updated Return for an Assessment Year. The Finance Minister, Nirmala Sitharaman in her 2022-23 Budget speech stated that “to provide an opportunity to correct such errors, I am proposing a new provision permitting […]
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