The Budget presented by the Union government this year in February permitted taxpayers to update their ITRs within two years of filing, subject to payment of taxes, a move aimed at helping correct any discrepancy or omissions. A taxpayer would be permitted to file only one updated return per assessment year. The CBDT chief said the department is looking at all such businesses including online betting and gaming and cited the example of raids conducted by the taxman against a Mumbai-based group engaged in online cricket betting and gaming in February.
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