Net taxable income in itr u

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ACCOUNTANT
111 Points Posted on 25 November 2022
can I file itr u if my net taxable income is 450000 after rebate.
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On 25 November 2022 at 09:16 Report
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Quick Summary
This discussion clarifies whether you can file an updated Income Tax Return (ITR-U) if your net taxable income is £450,000 after claiming a rebate. The key condition is that you must not have declared more income in any previous return for the same Assessment Year. ITR-U is specifically for situations where returns haven't been filed for the last two years.

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SEO Sai Gr. Hosp.
212484 Points Posted on 25 November 2022

Yes, provided not declared more income in any return for same Assessment Year.

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On 25 November 2022 at 09:58
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Profession
28261 Points Posted on 27 November 2022
Itr U is filed if the returns are not filed for last two years.
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On 27 November 2022 at 13:20

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