Query for itr u

This discussion explores the eligibility for filing an Income Tax Return-Unique (ITR-U) when an individual's net total income is below £500,000 and adjusted against the rebate under Section 87A, resulting in nil tax liability. While ITR-U can generally be filed in such cases, the applicability of additional tax under Section 140B depends on the head of income. Otherwise, only a late filing fee may apply.