Itr 5

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 July 2013 Dear Sir,
A partnership firm opting sec. 44AD in AY 2013-14 and whose self assessment tax coming to Rs. 42500/-. I filled the itr 5 excel utility and clicked on calculate tax, then it calculated tax same as I calculated but I did not calculated interest on tax. I suppose that interest is leviable in above case, as self assessment tax is above Rs. 10000/-.

Please advise me.

07 July 2013 Some time excel utility error may be. so delete the existing and download the new form and try the same

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Querist : Anonymous

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Querist : Anonymous (Querist)
07 July 2013 Whether In your opinion interest is levyable or not in above case.

07 July 2013 Yes. interest will apply unless you paid all the taxes with in due date


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