Regarding ITR-U

This discussion clarifies the eligibility and process for filing an Updated Return (ITR-U) for the financial year 2020-21 (Assessment Year 2021-22). It confirms that individuals with an income of ₹300,000 can file an ITR-U, even if the original deadline has passed. The ITR-U facility is now live on the Income Tax portal under section 139(8A), enabling taxpayers to file updated returns for AY 2020-21 and AY 2021-22.