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of <h1>Updated return under special provision requires payment of tax, interest, fees and tiered additional income-tax with proof.</h1> Where an assessee files an updated return under the special provision, tax payable (after crediting advance tax, TDS/TCS, foreign tax reliefs and specified tax credits) must be paid with interest, fees and an additional income-tax before filing, and proof of payment must accompany the return. If an earlier return was filed, adjustments include previously claimed credits and refunds, and interest is adjusted accordingly. The additional income-tax increases with delay (25%, 50%, 60%, 70% of tax and interest depending on the lateness tiers). Interest computation rules and Board-issued guidelines for implementation are provided.
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