Need help in filling & filing ITR - 5

ITR 1810 views 6 replies

swati

Articled clerck

129 Points Joined December 2009

Hello,

I have to fill an ITR 5.But the problem is when i fill in tax amount in part B form, the computation of total income is showing the amount of tax payable to be nil, because the assessee has already paid the tax, and i fill out the challan details. But then when i press the 'calculate tax' button, the computation of total income shows balance refund, whereas that is not the case. I hope someone can understand, and tell me what should be done.

This is really urgent.

Thankyou in advance frenzz..

Replies (6)

vkbothra

Learning

690 Points Joined January 2009

kindly elborate

and if you can provide data than paste the computation of total income here, so that other can help you more.

;)

Pankaj Gulati

Tax Advisor

81 Points Joined May 2008

enter challan details but enter amounts as 0. write the amonts on paper.

press 'calculate tax' button. Now enter challan amounts.

Again press 'calculate tax' button.

I think this will solve ur problem. However if u r still not satisfied, pl write ur problem again in detailed manner, it is not a big issue at all...

swati

Articled clerck

129 Points Joined December 2009

Originally posted by : Pankaj Gulati
	enter challan details but enter amounts as 0. write the amonts on paper. press 'calculate tax' button. Now enter challan amounts. Again press 'calculate tax' button. I think this will solve ur problem. However if u r still not satisfied, pl write ur problem again in detailed manner, it is not a big issue at all...

The way u have suggested to fill the form, it did not workout for me !!

Hey i think there is some problem in itr 5, coz when i enter the tax amount and cess in part-b sch, it calculates the right total and shows that the tax is payable. Then i enter the challan details and check the part-b sch, and it shows that the taxes are paid and NIL tax payable. So everything goes right uptil this. The problem starts when i press the calculate tax button. The tax details which i have entered in part -b sch, it all just goes off and it shows refund.

I hope now i have clearly explained my problem ...

PLZZ help !!

Dheeraj

Learner

1100 Points Joined February 2009

THIS IS MY OPINION

FIRST U REFILL THE WHOLE FORM

IF PROBLEM COME AGAIN

U PLZ CONTACT THE CUSTOMERCARE OF UR SOFTWARE CO. AS THIS SEEMS TO BE THE SOFTWARE PROBLEM

THEY MAY RECTIFY SOFTWARE PROB VIA TEAM VIEWER EASILY

Pankaj Gulati

Tax Advisor

81 Points Joined May 2008

I have already filed several ITR5 using this software and encountered no problem.

Points that u can do:

1. check whether the 'aggregate income' in sl. no. 13 in Part B is the same u desired ?

2. do not enter tax or cess on your own.

3. In schedule IT leave all amounts as '0' in challans col.

4. Press 'calculate tax button' in Part B

5. The tax that comes will also calculate Interest u/s 234A, B & C

6. Now enter challan amounts in Schedule IT

7. Again press 'calculate tax button' in Part B

8. The interest figures u/s 234 A,B & C will now get changed and the correct amount of either 'tax apayble' or 'Refund due' shall be worked out.

If this don't work, try downloading return preparation software for ITR 5 from IT web site once again and try out as above, please make sure that the 'macros' are 'enabled' to use this excel sheet.

best of luck