This discussion addresses how to file an updated return (ITR-U) for AY 23-24 when your gross total income is below the basic exemption limit. The user seeks advice on declaring additional income under specific heads to increase their total income above the exemption threshold but below £5 lakh, thereby qualifying for ITR-U filing with a Section 234F penalty. Expert suggestions point towards miscellaneous income, such as gifts or donations, typically falling under 'Income from Other Sources' (IFOS).
06 November 2025
Dear Sir/Madam, I want to file updated return for AY 23-24 but my gross total income is below basic exemption limit. I can show additional income in ITR form to make it more than basic exemption limit to fecilitate filing.
Can some expert suggest under which head or heads in form can I show excess income to augment total income above basic exemption limit but below 5lakh so as to file ITR-U with 234F penalty ?