An updated return cannot be used for which purpose?
ADisclosing more income
BPaying extra tax
CUpdating a filed return
DClaiming a higher refund
Answer & Solution
Correct answer: D. Claiming a higher refund
An ITR-U is meant for disclosing additional income, so it cannot be used to file a loss return or claim a higher refund.
Keep practising Income Tax Department
Browse all Income Tax Department questions for CA Final, or explore more Taxation topics.
Related questions
Form 49A is the PAN application form for which applicants?Which pattern shows a PAN's layout (L is a letter, N a numeral)?Which fourth character in a PAN stands for a Hindu Undivided Family?Which letter marks a firm in the fourth position of a PAN?Under section 270A, the penalty on misreported income is what share of the tax?Which section deals with assessment of income escaping assessment?A normal return is filed under which section?Which section lets an assessing officer flag a return as defective?