As per section 263(6) of the Income-tax Act, 2025, a person may furnish an updated return of his income…

Section 263(6)(a) of the Income-tax Act, 2025 allows any person, whether or not a return was furnished earlier, to furnish an updated return within forty-eight months from the end of the financial year succeeding the relevant tax year, subject to the conditions and exclusions in section 263(6). The 24-month limit applied when the updated return was introduced by the Finance Act, 2022 (formerly s.139(8A) of the 1961 Act) and was extended to 48 months by the Finance Act, 2025; 12 and 36 months are not the statutory limit.