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
CAclubindia
