The deadline to file updated income tax returns is March 31, 2023

The deadline to file updated income tax returns is March 31, 2023

It may entail a higher tax at this stage, however, the taxpayer avoids the risk of paying a penalty

• This new section provides the chance to update your ITR within two years.

• Any person who has made an error or omitted certain income details in original return of income, or belated return, or revised return can file ITR-U