Sir,
today return income tax my firm ( Partnership firm), I Have declared presumptive Income.
which form selected reruns.
1) ITR- 4
2) ITR -5

Example:

Foreign income: Rs.66000
Foreign tax paid: Rs.1320
tax as per India tax rules: Rs.800
tax as DTAA: Rs.1500

It seems the tax relief amount auto calculated in Form 67 is Rs.1500. My understanding was that the relief amount should be Rs. 1320 (the smaller of foreign tax paid and tax payable as per DTAA in India).

Would appreciate some explanation.

Thanks.

MY FATHER IS A GOVT PENSIONER

HIS GROSS PENSION IS 366000
HIS INCOME FROM SB ACCOUNT IS 1912

THE GOVT TREASURY HAS DEDUCTED TDS OF 3549 FROM MY FATHER
ACCOUNT.

I HAD FILED RETURN ONLINE AND A REFUND OF INR 140 IS EXPECTED,

BUT MY DOUBT IS THAT
THAT SB INTEREST OF 1912 I SHOWED IN INCOME FROM OTHER SOURCES.
THE DEDUCTION OF 80TTA HAS NOT GOT EFFECT.

THAT IS THE REFUND AMOUNT MUST BE INR 140 OR (3549-1912) OR 1637

PLS CLARIFY

THANK AND REGARDS
SURESH

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