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of <h1>Taxpayers Urged to Update Returns Under e-Verification Scheme 2021 to Avoid Proceedings Under Income Tax Act, 1961</h1> The Income Tax Department provides an opportunity to taxpayers to update their returns to include any income not previously declared, based on information the department has received. Failing to update the return and pay the appropriate tax on such undisclosed income may lead to the initiation of proceedings under the Income Tax Act, 1961. This process is part of the e-Verification Scheme 2021, aimed at ensuring compliance and transparency in income reporting.
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