banner_ad

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

ITR 271 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: 87 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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details