Firm ITR Processed OK, but 115BAC Mentioned in 143(1)

ITR Filing 283 views 1 replies

I have a friend who has a partnership firm and I help with his taxes etc.

This year, we decided to opt for 44AD and filed the ITR4 accordingly.

Today the 143(1) came back - all good, no demand no refund and all figures we provided in the ITR were accepted, so no issues there.

But, the first line item of Taxation Option, it says Opted for 115BAC.

We did not opt for this 115BAC. And as far as I know, a Firm is not eligible to opt for it anyway.

Should we just ignore it? Or something to ask for clarification / revision?

 


Attached File : 3545383 20220801220925 itr.jpg downloaded: 88 times
Replies (1)
Its surely an error
because the itr shouldnt have processed succesfully given you have not filed form 10ie.
the system should have shown the defective notice


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