India's Central Board of Direct Taxes (CBDT) has published a copy of the Finance Act 2025, which was enacted on 29 March 2025 for the implementation of the measures for the 2025-2026 budget. As previously reported, some of the main tax measures include: Extending the time limit to file updated returns for any assessment year from the current limit of two years to four years, with: the additional tax payable equal to 25% of the aggregate of tax and interest payable on additional income when filing an updated return during the period within 12 months from the end of the...