Answer

1. F

   Facts

   For tax year 2026-27 onwards, updated returns are under Sec 263(6) of the Income-tax Act 2025 and the tax on them under Sec 267. Updated returns for AY 2026-27 and earlier still follow Sec 139(8A) and 140B of the 1961 Act.

2. P

   Provisions and law

   • Sec 263(6), Income-tax Act 2025 (old Sec 139(8A))Updated return provisions.
   • Sec 267, Income-tax Act 2025 (old Sec 140B)Tax payable on updated return.
3. A

   Analysis

   Any updated return filed in 2026 is for an older year, so it follows the 1961 Act. The first year under the 2025 Act is tax year 2026-27. The core rules on additional tax are expected to carry over. Quote the section that applies to the year you are updating.

4. C

   Conclusion

   1. 1Check the year you are updating.
   2. 2Quote the right Act and section.
   3. 3Follow the same filing steps.
   4. 4Check the latest notification for any change.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.