ITR V ... Computation error in tax calculation

This query is : Resolved

RAJEEV KUMAR MEHTA (Querist)
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11 July 2024 Whilst filing the return of an Association registered under W. Bengal Societies in ITR V the tax computed by system is Zero whilst there should be a tax liability! The tax liability is covered by TDS but the computation shows full refund.
Kindly advise the possible reason and the remedy.

Thanks & Regards

R.K.Mehta

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 July 2024 Recheck the return filed. If it is OK as per the computation filed, then need not worry for the mistake.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 July 2024

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RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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11 July 2024 Thank You Sir! The only worry is that there is a tax liability though fully covered by TDS but the system is not computing tax on income.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 July 2024 Need to check whether the income is properly offered for assessment.

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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11 July 2024 No Sir! In fact ITR V has not filed as there is mistake apparent.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 July 2024 Hope the income is not exempted under any clause...

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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11 July 2024 Yes Sir, but how to file a return with zero tax liability when it is for sure that there is a tax incidence. At net level it will be refundable after adjustment of tax.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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11 July 2024 Whether the income over which TDS deducted is offered to tax properly?

RAJEEV KUMAR MEHTA

RAJEEV KUMAR MEHTA (Querist)
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11 July 2024 Yes Sir but still would check again. You have been very helpful.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 August 2024 Good Luck.