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Query for itr u
can an individual assesee file itr u if his/her net total income below 500000 and adjusted against rebate u/s 87A. and tax liability is nil
Replies (4)
Itr u ' return for last two years.
total income below 500000
total income below 500000
Yes, ITR U can be filed even if income is less than 5 lacs
Additional tax liability u/s 140B will be applicable even if the income below 500000 and adjusted against 87a
Depends upon head of income. otherwise only late fee you have to pay.
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