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Query for itr u

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CA Article Assistant
7 Points Posted on 30 March 2024
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
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On 30 March 2024 at 11:17 Report
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Profession Business
28207 Points Posted on 30 March 2024
Itr u ' return for last two years.
total income below 500000
44 Reply
On 30 March 2024 at 14:02
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 30 March 2024

Yes,  ITR U can be filed even if income is less than 5 lacs

1 Reply
On 30 March 2024 at 14:30
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CA Article Assistant
7 Points Posted on 30 March 2024
Additional tax liability u/s 140B will be applicable even if the income below 500000 and adjusted against 87a
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On 30 March 2024 at 14:35
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Ca
51 Points Posted on 31 March 2024
Depends upon head of income. otherwise only late fee you have to pay.
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On 31 March 2024 at 13:41


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