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Income Tax - Frequently Asked Questions (FAQs) |
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FAQs for e-Verification Scheme 2021 |
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What can I do if I realize that I have missed a transaction while calculating my income in the Return of Income already filed by me? |
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Ans. You may consider Updating your Return of Income under Section 139(8A)) of the I.T. Act, 1961, if eligible, by paying tax on the missed income along with additional tax to avoid further proceedings in the form of assessment/re-assessment which could lead to tax demand and penalty. |
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