assessess income less than rs:5 lacs ITR-U filed allowed.
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Quick Summary
This discussion clarifies the eligibility for filing an updated Income Tax Return (ITR-U). It confirms that filing is generally allowed for income below Rs 5 lakhs, provided an earlier return was filed for the relevant assessment year. The thread also addresses the possibility of filing for multiple assessment years (2020-21, 2021-22, 2022-23) simultaneously or on different dates, noting that AY 2022-23 became available after March 31, 2023, with a late fee under Section 234F.