https://www.taxtmi.com/acts?id=51796 Updated return filing under section 267 requires payment of tax, interest, fee and additional income-tax before furnishing the return, with credit for advance tax, tax deducted or collected at source, and specified reliefs and tax credits. Where an earlier return exists, the updated return is computed after adjusting amounts already reflected in that return, and the additional income-tax is reduced by interest already paid. The provision also sets graded additional income-tax rates based on the time of filing and allows Board guidelines for difficulty removal. en-us Thu, 14 Aug 2025 12:17:14 +0530 Wed, 01 Apr 2026 16:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51796 Updated return filing under section 267 requires payment of tax, interest, fee and additional income-tax before furnishing the return, with credit for advance tax, tax deducted or collected at source, and specified reliefs and tax credits. Where an earlier return exists, the updated return is computed after adjusting amounts already reflected in that return, and the additional income-tax is reduced by interest already paid. The provision also sets graded additional income-tax rates based on the time of filing and allows Board guidelines for difficulty removal. Act-Rules Income Tax Thu, 14 Aug 2025 12:17:14 +0530 https://www.taxtmi.com/acts?id=51796