Updated IT returns can be filed in 2 years from the end of the AY to correct errors
Finance Minister Nirmala Sitharaman says the Propose to Updated tax returns can be filed in 2 years from the end of the assessment year and incomes that might have been missed out can be declared,
So it has been proposed to increase the timeline for revising income tax return.
Effective Capital Expenditure of the Central Govt is estimated at Rs 10.68 lakh crores in 2022-23, about 4.1% of GDP