Do I need to pay any penalty while updating my return?

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..... However, you have to pay an additional tax. The additional tax on an updated return depends on when it is filed after the relevant assessment year: * 25% if filed within 12 months from the end of ....

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....tax and interest payable. Note: However, the Finance Act, 2025 prohibits filing of an updated return after 36 months from the end of the relevant assessment year if a notice under ​​&#820....