I'm not sure what you are trying to model here, but there's not enough initial and boundary conditions for the system to be solved. I tried to just add a few, this works but I'm not sure exactly which initial and boundary conditions you need for your problem
#your(*your eqs and conditionsconditions*)
INC4 = Derivative[1, 0][T][0, \[Tau]];τ];
INC5 = Derivative[2, 0][u][0, \[Tau]];τ];
INC6 = u[y, 0] + T[y, 0];
NDSolve[{EQ1 == 0, EQ2 == 0, INC1 == 0, INC2 == 0, INC3 == 0,
INC4 == 0, INC5 == 0, INC6 == 0}, {u, T}, {\[Tau]τ, 0, 10}, {y, -10,
10}]
```