scorecardresearchBefore you decide to file an updated return, know these facts!

Before you decide to file an updated return, know these facts!

Updated: 11 Feb 2022, 10:34 AM IST
TL;DR.
An updated return can be filed to incorporate any mistake or omission you made while filing the return – a provision introduced in the Budget 2022-23. Let us explore more on this.
The budget announcement of ‘updated’ tax return was seen as a progressive move that incentivizes tax payers to correct errors they inadvertently committed.

The budget announcement of ‘updated’ tax return was seen as a progressive move that incentivizes tax payers to correct errors they inadvertently committed.