What is updated return and its utility to the taxpayer?

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Full Text of the Document

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....the end of the relevant Assessment Year. However, effective April 1, 2025, an updated return can be filed within 48 months from the end of the relevant assessment year. Thus, in the financial year 2025-26, a person can file an updated return for Assessment Years 2021-22, 2022-23, 2023-24, and 2024-25. Updated return can be filed irrespective of the fact, whether the original return was filed by t....