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FILING OF ITR 5 FOR PARTNERSHIP FIRM USING DEPT UTILITY

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SANJAY MERCHANT

PROPRIETOR

90 Points Posted on 03 December 2021

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.