Interest and itr 4

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2013 Dear Sir,
In of a case, partnership firm opting section 44AD in ay 2013-14, and self assessment tax coming to about 45000/-. I have downloaded itr 5 and prepared. when I clicked on calculate tax button it calculated selfassessment tax but not calculated the interest on tax.

Whether it is happening due to my firm is opting 44ad
or
it is malfunction of excel utility.

I have download and prepared it two times but result is same.

Whether I should deposit only self assessment tax and file my return without depositing interest.

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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14 July 2013 For assessess who offering their income as per section 44AD is exempted for payment of advance tax. So interest as per section 234B and 234C for such assesses will not apply and not liable for payment.

So due to the option of section 44AD income your excel utility doesn't computed interest on tax it not the mistake of excel utility or its formulas etc...

OM SAI SRI SAI JAI JAI SAI