https://www.taxtmi.com/manuals?id=3237 A taxpayer discovering a missed transaction may update the return under the updating return mechanism, pay tax on the missed income plus additional tax, and thereby avoid assessment or reassessment proceedings that could lead to a tax demand and penalty. en-us Thu, 30 Nov 2023 12:42:00 +0530 Thu, 30 Nov 2023 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3237 A taxpayer discovering a missed transaction may update the return under the updating return mechanism, pay tax on the missed income plus additional tax, and thereby avoid assessment or reassessment proceedings that could lead to a tax demand and penalty. Manuals Income Tax Thu, 30 Nov 2023 12:42:00 +0530 https://www.taxtmi.com/manuals?id=3237