FILING OF ITR 5 FOR PARTNERSHIP FIRM USING DEPT UTILITY

WHILE FILLING UP ITR 5 FOR A FIRM USING DEPT UTILITY, THOUGH THE TOTAL INCOME AS PER NORMAL PROVISIONS IS MORE THAN ADJUSTED TOTAL INCOME UNDER 115JC, THE UTILITY IS CALCULATING TAX AS PER 115JC INSTEAD OF CALCULATING AT THE NORMAL RATE OF 30%. IS ANYONE FACING THE SAME PROBLEM? DOES ANYONE HAVE A SOLUTION?

Sanjay Merchant

Replies (3)
Quick Summary
This discussion addresses a problem encountered while filing ITR 5 for partnership firms using the department's utility. Users report that the utility incorrectly calculates tax based on Section 115JC, even when the normal total income is higher. The thread seeks to identify if others are facing this issue and requests solutions or guidance on how to resolve this tax calculation discrepancy.

Just plz select option of 115jc as NO

OK sir thanks. Will try it out. 

Sir, there is no provision to select NO as an option for 115JC.

If you are aware , please let me know.

Thanks

Sanjay

 

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