Thursday, 12 January 2017

Be careful while revising your returns

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Revised returns for the last financial year 2015-16 has now come under the attention of the tax authorities to see if people are trying to show their undisclosed income through this route. There is a specific procedure that needs to be followed when a revised return is being filed and this includes several steps along with meeting the required conditions. 

This is the reason why anyone looking to revise their returns needs to be careful especially at the current stage otherwise this will invite close scrutiny from the tax officials. Here is a detailed look at the revision of returns.

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