Filing 2 Year's ITR U at the same time

This discussion addresses the possibility of filing two years of Income Tax Returns (ITR-U) concurrently with the current year's ITR, a requirement for SEBI registered research analyst applications. It clarifies that ITR-U can be filed even if previous income was below the exemption limit, provided there's a tax liability. You can indeed file two years of ITR-U by declaring income above the basic exemption limit but under 5 lakhs, incurring only the Rs 1000 late fee.