Manish Tarder, a partnership firm, earned a Gross Total Income of ₹ 300 lakhs during the previous year 2025-26 relevant to Assessment Year 2026-27.…

Manish Tarder, a partnership firm, earned a Gross Total Income of ₹ 300 lakhs during the previous year 2025-26 relevant to Assessment Year 2026-27. The firm has not entered into any international transaction or specified domestic transaction during the year. The gross total income includes a profit of ₹ 220 lakhs from an eligible undertaking having a turnover of ₹ 80 crores. This is the fifth year of the undertaking, and the firm is eligible to claim a deduction of 200 lakhs under section 80-IA. Since the turnover of the firm exceeds the prescribed threshold, its accounts are subject to tax audit under section 44AB. The firm is facing certain grey areas in the tax computation and is contemplating filing its return on 12th December 2026 after obtaining clarification from tax experts. The firm is therefore required to evaluate the tax consequences of filing the return on each of these dates and determine the practical course of action for obtaining clarification.