Updated return (ITR-U) is a form that allows taxpayers to correct errors or omissions on their ITRs up to two years from the end of the relevant assessment year to update their return. Irrespective of whether the taxpayer has filed an original, belated, or revised ITR...
It is very important for an individual to determine the residential status as the taxability under Income Tax Act 1961 is depends on the residential status of individuals. There are three types of residential status of individuals which are as follows- 1. Resident 2....
