Can we file ITR U for AY 22 23 if income is above Rs. 2.5 lacs but below 5 lacs by paying late fees Rs. 1000 ? Thanks.
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Quick Summary
This discussion clarifies the conditions for filing an updated Income Tax Return (ITR U) under Section 139(8A) for Assessment Year 2022-23. It confirms that an ITR U can generally be filed with a late fee, even if your income falls between Rs. 2.5 lacs and Rs. 5 lacs.