Answer

1. F

   Facts

   The updated return is processed and you get an intimation under Sec 143(1) (now Sec 270(1)). It cannot be revised later.

2. P

   Provisions and law

   • Sec 139(8A), Income-tax Act 1961 (now Sec 263(6), Income-tax Act 2025)Updated return within 48 months from the end of the relevant assessment year, once per year, not to reduce tax or raise a refund.
   • Sec 143(1), Income-tax Act 1961 (now Sec 270(1), Income-tax Act 2025)Processing and intimation of returns.
3. A

   Analysis

   Check the intimation against your computation. If there is a demand, pay or respond. Keep the challan and computation for any later query. If a notice comes for that year later, you can show the updated return.

4. C

   Conclusion

   1. 1Download the acknowledgement.
   2. 2Track processing.
   3. 3Check the intimation.
   4. 4Keep all records.

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