taxbase advanced level taxbasegold - sine wave · 2016-10-21 · software installation from cd : by...

$: Taxbase Advanced Level TaxbaseGOLD - Sine Wave · 2016-10-21 · Software Installation from CD : By default database path is C:\Programe Files\ Sinewave\TaxbaseGOLD If you want to$
Head Office:

SINEWAVE COMPUTER SERVICES PVT. LTD.

T-22, 3rd Floor Super Mall, Salunke Vihar Road, Wanowrie, Pune 411 040.

TaxbaseAdvanced LevelTaxbaseGOLD

TaxbaseGOLD” is the best solution for Chartered Accountants, Tax Consultants for Tax computation

needs. You can instantly compute the taxable income and taxes there on for your respective clients.

Thus, relieving you from the day-to-day manual working of tax computations, preparing returns and

checking the computation sheet & tax returns and filling up.

This tool in your office will keep you updated on tax law changes towards tax computations and will

provide you most accurate tax computations along with extremely presentable outputs for preparing

return of income. Further, you would be able to use your time more effectively in handling more

number of clients.

About TaxbaseGOLD:

Sinewave Computer Services Pvt. Ltd. Taxbase, Page 223/02/2013

number of clients.

Moreover, you will be informed of regularly released latest version of the software through alerts

which will be shown on software screen. Such upgrades can downloaded from our site

www.sinewave.co.in

TaxbaseGOLD User’s Guide introduces you to the TaxbaseGOLD features and helps you install

TaxbaseGOLD so that you are ready to use the software effectively. Once you are started, the context-

sensitive help is accessible from within TaxbaseGOLD to explain features and guide you on the

various concepts and functions.

Sinewave Computer Services Pvt. Ltd., provides online support to its product users. We have a team

for supporting queries or difficulties faced by customer. TaxbaseGOLD is provided with free web and

e-mail support and access to updates and new releases for a specified period of time.

System Requirements :

�Hardware

�Minimum Pentium – IV processor computer required.

�Monitor resolution minimum 800 X 600, you will find this setting by clicking

mouse on blank desktop -> properties -> Desktop -> setting & in this you will

see option as screen resolution you can adjust setting from this option.

�Minimum 512 MB of RAM required.

�150 MB of free space on the Hard disk to operate the software.


�150 MB of free space on the Hard disk to operate the software.

�Software:

�The System can operate on Windows 95, 98, 2000, 2008, ME, XP, NT, Vista, Windows 7.

� System Date Format set to "DD/MM/YYYY“.

�CD Rom drive optional only for installation or you can share CD Rom drive from LAN.

Software Installation from CD :

If startup screen does not appear after

inserting CD in CD ROM then follow the

following steps :

->Go to my computer

->Right Click on CD ROM Drive

->Select open

->Go to products


->Go to products

->TaxbaseGOLD

-> Will display version screen

-> Click next

-> License Agreement screen

-> Tick on I accept agreement

-> Click on next


� By default database path is

C:\Programe Files\

Sinewave\TaxbaseGOLD

� If you want to change drive you can

change it at the first time installation.

�It will display by default Prog. starting


�It will display by default Prog. starting

work group

� Click Next.

�Then it will display selected components

for installation

� Then just go on clicking next

� At the end system will display you screen

on which it is written as Please Note.


You are being requested to update database

after installation of software before

proceeding to run the software smoothly.


Here you have Two options to select :

-> Install Form 16 Digital Signer : - Tick this option

If you want facility to sign your I. T. Return

digitally instead of physically ( For E-Filing)

-> Update Microsoft Data Access Components : -

Tick this option for efficient & error free

operation of the software, so that technical

errors which might be occurred will be prevented

TaxbaseGOLD Software Installation :

Here only changes in the installation process

is mentioned, remaining all procedure is same.

-> By default installation path changes to

C:\Program Files\Sinewave\TaxbaseGOLD

-> When you are installing software on the

server you have to select installation type

as server to install database on server


as server to install database on server

-> When you are installing software on the

workstation you have to select

installation path as workstation so that it

will not install database on the node


On this screen it gives summary for the

components selected for the installation

-> Then click on the next to install the software

then your process will continue till

installation process finishes

Here you are having four options :-

-> View Feature List :- This option is by default remains ticked, if it is tick means it will


remains ticked, if it is tick means it will

display you which are the new changes

incorporated in the new version.

-> Install Form 16 Digital Signer :- Tick this option If you want facility to sign your I. T. Return

digitally instead of physically ( For E-Filing)


Update Microsoft Data Access Components : This is the supporting utility for efficient & error free operation of the software. Tick it so that technical errors which might be occurred will be prevented.

Installation from the Website : For this you need to access Sinewave’s Website as-> https://www.sinewave.co.in

-> Give Customer Login Id & Password provided by Sinewave at the time of purchase

-> It will display list of products you own

-> Select desired product

-> It will display list of files required for installation

-> download all this files in a folder at any location


-> download all this files in a folder at any location

-> double click on the setup file and above process will start which is same as above

Online License :

This option is applicable to the users who are

already user’s & surrendered their licenses may

be for system updation or change of server or

whatever may be the reason.

Here you are required to provide :

-> Name

-> Address


-> Address

-> State, Mobile Number, City, Pin

-> Email ID

-> Click on register

-> You required net on the machine where you

want to install license

Offline License :

This option is for those who does not

have internet connection

-> They can simply write this serial

number generated on there machines.

-> Mail this serial number to Sinewave

on below email_id from anywhere

[email protected]

-> Sinewave will mail license code on the


-> Sinewave will mail license code on the

email_id

-> After receiving the license code

-> they can manually type in the fields

given on the screen

-> Click on register.

-> You will get valid license .

-> You will be able to work on software

without any problems

�Take a Daily Back up

�This option will help to take the daily backup of

the database files. All the system data resides in

these database files. It is strongly recommended

that you use this option and take a backup at the

end of each day.

�The Take a Daily Backup option is available

under the Miscellaneous menu.

Back up:


under the Miscellaneous menu.

�When Take a Daily Backup option of the

Miscellaneous menu is selected you will be

informed about the backup zip file that will be

created.

�Name of The Zip file is TW 130206.zip.

�The backup zip file will be saved at a user

specified location. The user will be prompted to

specify the location after he clicks on the OK button

mentioned above.

Back up:

�Delete Back Up

�This option will help you to delete old

backup files.

�This option is useful when there are old

backup files lying on your system which are

unnecessarily occupying the hard disk space.


�To access this screen select menu

Miscellaneous -> click Delete Backups

option.

�You need to specify the backup folder and the date prior which the backups

taken are to be deleted. Please note that the specified date is compared with

the file name and not with the Created, Modified or Accessed Date. Only file

names with TW######.zip conventions will be deleted

Note : Backups once deleted cannot be recovered.

Import

�Import Data for An Assessee

�This screen will be appear from Miscellaneous

- > Import Data -> Import Data for An

Assessee

�click on Database Path - Browse & Select the

Assessee which you want to import.

�If Click on fifiles ' button then open


�If Click on fifiles ' button then open

following screen.

�Select the MDB file from Source Data file which

you want to Import.

After selecting the source data file you will see on

left hand side Assessee Name & then click on ,

Creat New & then Import.

�After completing Importing you will receive the

msg as Data Imported successfully.

�This screen will be appear from Miscellaneous - > Import Data -> Import Data for a Group

Import

� Import Group


�Use button to specify the database file path to export the data of selected

Group.

�Use Import button to Import the data of Group. You will be informed when

the importing procedure is completed.

Import

�From Taxbase – Windows (Full Data)

�This screen will be appear from Miscellaneous

- > Import Data -> From Taxbase-Window

(Full Data).

�If Click on 'MDB files' button then open

following screen.


�Select the MDB file from Source Data file which you

want to Import.

�If Click on 'ZIP files' button then open following

screen.

�Select the ZIP file from Source Data file which you

want to Import.

Export

�Export Assessee:�Select the Data, Blank Sheet for Data Enrty Select the

'Assessment Year' tick on the files or click 'Select All' button and

"Export" to Export the files .

�You can mail this files by clicking on Mail Button.

�Areas Applicable Report

�Select the Area wise Report or Summary Report . Select the

'Files ' click on the button and "Export" to Export the files .


�Export Data for Single Assessee

�This option will help you to export the Taxbase and TDS data

for the selected Assessee(s) to a specific database file.

�To access this screen select menu Miscellaneous -> Export

Data -> click Taxbase - Windows (Single Assessee) option.

�Use …button to specify the database file path to export the

data of selected assessee(s).

�Use Export button to export the data of assessee(s). You will

be informed when the exporting procedure is completed.

�You will receive the msg as Data Exported sucessfully to

c/program files/TaxbaseLAN/Taxbase.mdb.

User Parameters / Option

To access this screen select menu Miscellaneous -> click User Parameters / Options option.

� The above screen stores information about youas a user, this data may be transmitted toSCSPL optionally, hence we are aware on theversions being used by you.

� This data is used optionally, to print on billsprepared by you, computation sheets etc.

� Registration number is needed, for onlineupdates etc., it is unique number provided toall licensed users of the product.


all licensed users of the product.

� Besides above there are options to send routinereminders to your clients, these reminders maybe like payment of provident fund, payment ofTDS, payment of services tax, ESIC etc.These settings are done through master filedata of client or control screen provided. Youmay disable this facility, if same is not desiredby you.

� Based on above criteria, upon entry toTaxbaseGold system reminds you on suchSMS’s which are needed to be sent.

User Access

�Through this option you may define multiple users of the system who will have rights to access the

system.

�The User Access option is available under Miscellaneous menu.

�Allow Deletion of Groups and Assessee

�Allow Addition/Modification/Deletion of Master Information

�Allow Access To

�Reset Multiple User Access


�Reset Multiple User Access

Group Definition :

With Password Without Password


� This screen facilitates entry of the group information viz. group name, address, city, pin, telephone no, email ID, etc. You can use this option to categorize your assessees in a particular group.

� Further, group passwords are provided, hence user can access a group data only with passwords.

� If the Address fields are not enough for the user he can select the button in the left corner to add five line address .

Assessee Creation :

. � Select Master Data->Static Information option to enter Assessee information.

� Assessee-First, Middle and Last name, Pan, Sex, office, Residential & Filing address, Assessing Officer, father name, mobile number, email ID would be entered on the screen.

� Ward may be selected from existing defined wards or a new one may be created.


� You may delete any taxpayer with option of deletion of data for specified assessment year or throughout the system.

� Short name is provided for addressing taxpayer through SMS system.

� Area Code, AO type, Range Code & AO no, File No. are provided for e-filing.

� Date of birth along with anniversary date for individuals may be entered.

� Areas Applicable allows the userto select the areas applicable from thegiven list which is used in Master FileList & to Send SMS.

Income Details Screen

� This screen enables you to enter income in any selected chapter along with provisions therein of that chapter.

� Upon exit from any chapter, total income along with taxes along with interest (if applicable) would be computed and displayed.

� You may print computation sheet and return of income from here, both


return of income from here, both options of printing that is, windows graphical print and conventional and fast dot matrix printing.

� The Other Form Data enter theinformation pertaining to the returnsuch as Due Date , Date and Place of Filing, the Signatory etc. for a particular selected assessee.

� All returns of income are catered to specifically Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7

Salary Details Entry :

After clicking on the Salary Head you will

get screen :

� Enter Employer Details

� Enter Salary Details

� Enter HRA Details it will do Auto

Computation of HRA Exemption

U/s 10(13A)


U/s 10(13A)

� Enter perquisites then system

will do Auto Perquisite Valuation

Relief Computation U/S 89

�Exemption U/S 10

� Professional Tax Deducted

� P.F. Deducted from Salary

�TDS deducted on Salary

� At last it will show you Taxable

Salary

House Property Income :

� Covers all House Property Computations

such as Let out, SOP and Deemed Let Out

Property.

� Auto computation of Section 24 Deductions

� Income Computation for Section 25A

unrealized Rent Received and Section 25B

arrears of rent received.

� Based on your percentage of share in the


� Based on your percentage of share in the

property it will show you income.

� After entering house property incomes it will

display you net income earned under House

Property.

First give address of property

� Your share of percentage in the property

� Select type of your property whether let

out, SOP or deemed let out.

House Property Continue……

� Let out Property : - Give Municipal Value or Fair Rent Value

Property Taxes paid by assessee

Interest if any paid.

Arrears Rent or Unrealized Rent

Let Out Property means Property Given on Rent to somebody.

� Self Occupied Property :- Give Only interest paid during the year on Loan

Any interest paid during the construction

Tick in the check box is condition is true


Tick in the check box is condition is true

Based on tick it will calculate deductions

Net figure for this is always negative.

Self Occupied Property means self staying property.

� Deemed Let Out Property :- Give Municipal Value or Fair Rent Value

Property Taxes paid by assessee

Interest if any paid.

Options for Let out & Deemed Let Out are same.

Deemed Let Out Property means your property is ready to utilize but no one is utilizing it,

it is vacant.

Business Summary - Balance Sheet Entry

� When you are filing return against the

business income you need to furnished

balance sheet and profit loss statement for

the year along with Income Tax Return.

Our software has facility to enter this

details, so that it will appear on respective

return.


� To enter this details you have to click on

other details on Income details screen,

then Balance Sheet option will be seen at

the bottom. If you click on this option you

will actual option to enter details of profit

loss and balance sheet.

Balance Sheet Entry Continue…… :

�You will get below screen where

you have to enter balance sheet

details.

� At the bottom you will see option

as B/s & P/L not applicable with

chick box tick, remove this tick

then only you will be able to enter



B/S & P/L.

� After completion of Balance Sheet

your both debit and credit figures

should be tallied with each other

there should not be any difference.

Profit and Loss Account :

�You will get the screen where

you have to enter Profit & Loss

Account details.

� At the bottom you will see option

as B/s & P/L not applicable with

chick box tick, remove this tick




B/S & P/L.

� After completion of P/L

your both debit and credit figures

should be tallied with each other

there should not be any difference.

Business / Profession

�Separate Computation head for

� Partnership Firm

� Normal Business and Profession

� LIC Commission Agent income Computation

� Partner’s Remuneration and Interest

� Other Business income Computations

� Presumptive income Computation under Section 44 AD, 44AE, 44AF Etc.


� Exports and STPI unit Exemption Computation

� Automatic Depreciation Computation

�Wide Coverage to all the Deductions and Additions heads under Allowable &

disallowable expenses.

Business Summary :

�This screen shows five different options of

income from business.

� Income from Firms :- This option is used to enter income from Partnership firm in which you are a

partner

� LIC Commission Agent : - This option is used by only LIC agent who get’s commission on new

registration or renewal of policies


registration or renewal of policies

� Other Business Income :- This option is used to

enter other type of business income.

� Business / Profession :- This option is used to enter if you are having Income from your own

business ( Proprietary Business )

� Remuneration / Interest :- This option is used to calculate interest and remuneration payable to

partners of partnership firm.

�Allowable Remuneration & Interest:-This option is used to allocate remuneration & Interest as per their

sharing ratio.

Business / Profession Continue…… :

�Income from Partnership Firm :

We are having facility to link partners with

partnership firm so that Profit, Interest &

Remuneration paid to partners is directly linked

with there individual return.

Other way you can enter

�


� Name of the partnership firm

� PAN number of the firm

� Profit, Loss & Remuneration percentage

� Your capital Balance in the firm on the date

� Profit received from partnership firm

� Interest received from partnership firm.

� Remuneration received from partnership firm

� Expenses incurred

� Then you will get net firm Income


�LIC Commission Agent :

� This option is used by only LIC agent who get’s

commission on new registration or renewal of policies.

� This screen will help you to enter expenses

deductible from commission earned by agents of

Life Insurance, etc

� Insurance agents of Life Insurance Corporation


� Insurance agents of Life Insurance Corporation

having total commission (including first year

commission, renewal commission and bonus

commission) of less than Rs. 60,000/- for the

year, and not maintaining detailed accounts for

the expenses Incurred by them, may be allowed

as follows:

i. Where separate figures of first year and

renewal commission are available, 50% of first

year commission and 15% of the

renewal commission;

ii. Where separate figures as above are not

available, 331/3% of the gross commission.

� In both the above cases, the ad hoc

deduction will be subject to a selling

limit of Rs. 20,000/-. The gross

commission in (ii) above will include first

year as well as renewal commission but

will exclude bonus commission.


�Other Business Income :-

�This option is used to enter other type of business income.



�From the above screen select Business /

Profession Option :

� Give name of business

�Click on the green aero to pickup profit

from profit & loss statement.

� Then click on New to enter

allowable & disallowable expenses


allowable & disallowable expenses

� In the allowable expenses you can able to

enter depreciation

� Then tick in appropriate check boxes

�In profit gains (1) option you can enter if

you are running business u/s 44

� In profit gains (2) option you can enter

deduction received u/s 10

� After all this you will get taxable income

under head business and profession

Business / Profession Continue…..

�Allowable/Disallowable :

In order to make the entries relating to

Allowable & Disallowable regarding this

source of Income, Click on “NEW”& select

the Allowable & Disallowable accordingly.

These items are those items that can be added

or deducted from the Net profit & Loss.


or deducted from the Net profit & Loss.

If click on “Depreciation” button the depriciation chart & arrive at the amount

allowable depriciation will appear .


�Disallowable :

�In order to make the entries relating to

Allowable & Disallowable regarding this

source of Income, Click on “NEW”& select

the Allowable & Disallowable accordingly.

�These items are those items that can be

added or deducted from the Net profit &

Disallowable:


added or deducted from the Net profit &

Loss.

�Treated separately:

In order to make entries relating to the

treated separately regarding this source of

income, Click on the “NEW ” and select

Treated Separately accordingly the option

will be displayed Treated separately.

Treated separately


�Remuneration and Interest

To access the screen select menu Income

Tax -> Business -> click Remuneration

and Interest


Remuneration and interest paid are

automatically posted to the respective partners

(if the partner is defined as an assessee in the

Taxbase.) when remuneration and interest

screen is closed


�Remuneration and Interest

� Defining Partner:

This option is available only if the assessee is a

Partnership Firm With Status code 05 or 06

whichever is applicable, also the Partners & their Share

Percentage in Profit, Loss & Remuneration should

also be defined accordingly.


� Allowable Remuneration and Interest

�To access the screen select menu Income Tax ->

Business -> click Allowable Remuneration and Interest

�Specify whether partner is working or Non working

,Interest @ 12% & click on Compute button .

�you will see the Allowable remuneration will

Automatically distributed to partners as per their

sharing ratio.


� Profit & Gains (1)

�You can enter here Adjusted

Amount of change in accounting &

stock valuation method.

�In profit gains (1) option you can

enter if you are running business u/s

44.


44.

� Profit & Gains (2)

�In profit gains (2) option you can

enter deduction received u/s 10.

Capital Gains:

Capital Gains means the profit earned from the

sale of property, i.e. your belongings or your

assets. Based on periodicity it is known as long

term or short term.

� This option allows you to auto compute

your

capital gains.


� It has two options as i) Summary & ii)

Details.

� In summary you have to calculate your

Capital gain periodically, long term, short

term, against shares or other, exemptions.

� In details option all the above information

system will calculate on its own, you don’t

need to calculate anything.

Capital Gains:

To Enter Summary Capital Gains :-

� Calculate Capital gain or Capital Loss manually

�Byfercate it periodically based on Advance Tax

Dates

�Then transfer it to Short term or Long term

� Again transfer it to shares or other than shares

� Security transaction tax paid or not

� Taxes paid @ 10% or 20%


� Taxes paid @ 10% or 20%

� Any capital gain exempt u/s 54 ( Exempt for

Tax Charge )

� After entering all this details at the end you will

get net Capital gain from Short Term and Long

Term.

While doing this system will never ask you for the

type of asset, and once you select summary option

you will not able to convert it to details option.

Capital Gains:

Shares with STT & Shares without STT :-

�Enter Type of Assets.

�Date of Purchase.

� No’s, rate & value of purchase depends on type

of assets.

� Date of Sale.

�Rate & value of sales depends on type of assets.

� It will display you capital gain transferred to


� It will display you capital gain transferred to

Short or Long term on periodicity.

� Then system will ask you whether paid STT

select appropriate answer.

� Then system will display you Index Acquisition

Cost.

� Tax on transaction @ 10% or 20% is by system

or by user option.

�If STT paid select appropriate exemption head.

Then system will display you capital gain, like this

you can go on till your entry finishes & at the end

it will display you net capital gain.

Capital Gains:

�Slump Sales:

�In order to enter the amount of Slump

sales you have select type of Assets as Other

& tick the Slimpe Sale.

i.Improvement Cost data entryi.Improvement Cost data entry


�Index Improvement Cost:

�Indexed Improvement Cost is the

amount which bears to the Cost of

Improvement.

In order to avail of the various exemptions

applicable under Income from Capital Gains,

click the mouse on the Exemption figure area.

This will bring forward a pop-up screen which

will show the exemptions applicable (depending

on the type of asset sold). The Income-tax Act

grants total/partial exemption of capital gains

under sections 54, 54B, 54D, 54EC, 54ED, 54F,

Capital Gains:

�Exemption : Residential/Debentures Residential


under sections 54, 54B, 54D, 54EC, 54ED, 54F,

54G and 54H. Exemptions under specified

section is displayed and reduced from taxable

Capital Gains.

Debentures

Capital Gains:

�After entering your Capital Gains

Details, you have to give the

Breakup of your Capital Gains in

the below screen.

� Below to this screen there is a


� Below to this screen there is a

Auto Pickup button if you click on

this button it will pick up Capital

Gain or if you want to enter

manually you can enter manual

figures also.

�This is also known as Interest Income

� In this option you will be able to see the

different options of F.D., Saving Bank, Bonds

NSC, Kisan Vikas Patra, Post Office and so on.

� In the same screen you will be able to see

exempt income same way pension income

Other Sources :


exempt income same way pension income

and so on.

� This is the option from which you can

enter your income received from other

sources like, racing gambling, royalty,

dividend and other

� for this type of special income entry

you have to select section code

� It will display you description of the

code

Other Special Income :


code

� Enter income received against that

head

� System will display you percentage of

tax applicable to that income

� At last it will display you tax charged

on that income head this will transfer

to main Income Details screen.

Speculation Income:

�Through this option You can enter the Profit and Losses derived from Speculation Business.


�You can Also Addition / Deduction for Adjustment in accordance with Ss. 28 to 44

AD, if any then enter the amount.

�You can tick whether you want do not want to include speculation profit/loss in

normal business income.

Exempt Income :

�To access the screen select menu Income Tax

– Income Details – Exempt :

Income Claimed Exempt u/s 10

Minor Income Deduction u/s 10(32)

Income Claimed Exempt u/s 10(33), 10(34) and 10(35)


� Agricultural Income

� Any rent or revenue derived from land which is situated in India and is used for agricultural

purposes.

� Any income derived from such land by agricultural operations including processing of the agricultural product,

raised or received as rent in kind so as to render it fit for the market or sale of such produce.

� Income attributable to a farm house subject to certain conditions.

Exempt Income :

�Section 11

�This screen will help you to enter the details of

income from property, held for charitable or religious

purpose. This option is applicable only for the

assessee whose status code is 07 or 08 or 11.

�To access this screen select menu Income Tax ->

Income Details -> click Section 11 option.

�While entering the Master Data on Static


�While entering the Master Data on Static

Information Screen if 07, 08 or 11 status code is

selected a check box of Section 11 Applicable

appears, tick this option to make the section 11

screen available for data entry.

�Tax Credit

�To access this screen select menu Income Tax ->

Income Details -> click Tax Credit option or

Income Tax -> click Tax Credit option.

Brought Forward Losses Adjustment…

�Auto Set off of losses

� Auto Brought forward of losses from

previous year

� Transfer of Data to relevant ITR.

� Auto Set off of losses.


.

� Auto Set off of losses.

� Warns or restricts set off of losses across

different chapters of income.

� Auto linking to various ITR’s

Brought Forward Losses Adjustment……

�This is the option through which you can auto carry forward previous

years losses.

� Through this you can adjust this previous years losses with current years

profit with respective heads.

� This option also do Auto Setoff of losses.

� After doing setoff of losses it Transfer’s respective Data to relevant


.

� After doing setoff of losses it Transfer’s respective Data to relevant

ITR’s.

� System warns set off of losses with different heads of income.

� This option is working as per Income Tax Rules.

Investment U/S 80 C / Chapter VIA….

�Cover all the Applicable Chapter VIA

Deductions

� Covers all the Deduction applicable for

relevant assessment year and assessee type

� Correlation to other chapters for computation

of computations of 80G, 80GGA etc.


. � It Covers Deductions from Section 80 C to

Section 80 U

� Auto linking to ITR 1- 8.

TDS & TCS :

�To Access this screen select

Income Tax- Income Details

- select TDS & TCS.

�Enter the respective amount as

Name TAN, Total TDS & TDS

claimed.


.

TDS & TCS :

Import Form 26 AS This option helps you to import Form 26AS .


.

MAT Entry

�Book Profits u/s 115 JB

�Book profits may be specified u/s 115 JB . In case of

companies , tax may be computed based

on the income under the various heads of income or

the Book Profits of the company , whichever is higher .

If the tax on Book Profits (computed at 10% of the book

profits) are greater than the tax on income, as entered, the

same is to be considered in computing the net demand /

refund.


.

refund.

�You can click on Button Other Details to open the this

screen.

115 JC

Status selection of 115 JC in

Static Information .1.Select Asseessee Type as

Partnership .

2.ITR Status as Limited

Liability Partnership

3.Tick on Limited Liability

Partnership Firm .


.

115 JC

Copy of Total Income From Partnership (Computation )


.

�.

115 JC

You will see the 115 JC screen details click on save to save changes.

After giving all the information regarding 115 JC you

Income will appear on Income details screen .


Relief 89

You can write the amount of tax relief claimed under

section 90/90A/91 by clicking on :Tax Relief 90/90A/91

To write amount under relief 89 click on Relief 89


Advance Tax

Advance tax means the Tax paid in Advance against liability of next Assesment Year for the income earning during current financial year.

This advance tax percentages and installments are pre declare by I.T.

Department as under :-

For Corporate For IndividualOn or before 15th June 15% This installment is not applicable

On or before 15th September 30% On or before 15th September 30%

On or before 15th December 30% On or before 15th December 30%


.

On or before 15th December 30% On or before 15th December 30%

On or before 15th March 25% On of before 15th March 40%

This advance tax is not compulsory

for all the income tax payers, it is a

conditional liability. This is

applicable to those assessees who’s

tax liability is after deduction of

TDS, TCS is greater than Rs.

5,000/- they have to pay this tax.

Advance Tax

�Online Payment :

�You can do the online payment by clicking on the online

payment option & fill the respective details. .

�When a person become liable to pay advance tax

Every person is liable to pay advance tax if advance tax

payable is Rs. 5,000/- or more. All items of income are

liable for payment of advance tax.


. �Date of payment of Advance tax should be within the

selected Financial Year.

�You can use Add Bank button to define the bank against

which the cheque of advance tax has been drawn.

�You can print challan of Advance TAx :can mail &

Export in word & excel format by clicking on respective

button.

Self Assessment Tax

This is an option through which you can pay balance

payment of tax which is pending after deduction of

TDS, Relief U/S 89/90, Advance Tax & then adding

interest U/s 234A, B & C.

Through S. A. Tax challan you have to clear

o/s liability of tax before filing return to IT Dept

� Enter date of payment always in A. Y.

� Enter amount of payment


.

� Enter amount of payment

� Enter Name of Bank & Branch through which

you have removed cheque .

�Enter Cheque No & Date

� Enter Bank name in which cheque deposited

with date

� Enter BSR Code (7) & Challan Sr. No. (5) digit

�Save entry & click on Print for challan print

�Click on Online option for online payment

Self Assessment Tax

�Online Payment :

�You can do the online payment by clicking on the

online payment option & fill the respective details. .


.

�You can print challan of Advance TAx :can mail &

Export in word & excel format by clicking on

respective button.

�This screen enables you to

enter the information pertaining

to the return such as Due Date ,

Date and Place of Filing, the

Signatory etc. for a particular

selected assessee.

Other Form Data

�To access the screen select menu

Income Tax->Income Details -

> click Other Form Data Button


.

> click Other Form Data Button

�Note - Status 7, 8, and 11

are applicable as well as

'Section 11 Applicable' option

are ticked then "ITR-7

Details" button will be

activate.

Other Form Data …..

�Click on Balance Sheet button to enter the

details. (Please refer Business Page)

�General Information –I

To access the screen select menu Income Tax -

>Income Details -> click Other Form Data Button

-> click General Information Button.

�Import From Excel & Export To Excel


.

�Import From Excel & Export To Excel

options are provided in General information I &

II.

�To copy all Data Available in 'Form 3CD'

just click on button "Copy form 3CD data".

�General Information - II

To access the screen select menu Income Tax

->Income Details -> click Other Form Data

Button -> click General Information Button.

Printing Computation sheet

. �To access this computation sheet -

Income details - click on the

Computation Sheet.

�you will see the following screen of

Computation sheet ..


.

�you can print this return ,DMP

Or mail this in word .

Export this return in form of word .

And can save this return in Doc. mgmt .

.

Printing ITR

�After clearing your balance dues

your return is ready to file with I. T.

Department.

Click on Return of Income.

� Different I. T. Returns forms will


.

display

� Select appropriate form number

& print

� It will display return on the

screen

� On left hand side bottom there is

print option, click on that and take

print out.

.

Printing ITR ….


.

.

Return E-Filing Procedure :

�E-filing of return means filing of income tax

return to I. T. Department with the help of

internet from anywhere to avoid long que’s

or time problem

�If you want to do e-filing of return then you

have to click on the e-file button provided at

the bottom of screen in print display mode


. � Give file name by which you want to store

� Click on save

�System will generate file with the name given

at a specified location with .XML extension

.

Return E-Filing Procedure… :

�After checking for errors, If errors

found it will display screen like this,

we have to clear that errors from the

system itself

� Again do the same procedure.

� Now you will get message as file

validation process successful

� Now your file is ready for uploading

on the I.T. Site through internet


.

on the I.T. Site through internet

How to upload file on website we will see from

the next slide

Return Uploading :

�For uploading return on the Income Tax

website you have to access that website

through Internet

�Website link is

https://incometaxindiaefiling.gov.in

�On this page you have to log in if you are

already user otherwise register

� Registration to this site is PAN number


.

� Registration to this site is PAN number

based

� Then go to submit return option

� Select assessment year

� Select appropriate assessment year

� You get another screen

Return Uploading…. :

On this page system will display your

information like PAN, A.Y.

� Then prompt you to select the name of

form i.e. I.T. R. number

�Then prompt you to sign return with

digital signature

�If you say “Yes” then ask you for the

format of digital signature

� Click on the next


.

� Click on the next

� Then you will get screen where you have

to attached XML file created.

� Click on upload this will submit your

return to I.T. Dept

� You will get acknowledgement from I.T. Dept

which you have to print and post to

Bangalore I.T. Department

� This procedure is same for all I.T.R.’s

Reports:

�Income Tax - Computation Sheet

�The screen shows computation of Total Income

under various heads, how tax has been arrived at and

the balance amount payable and refundable. The

computation sheet is provided with various annexure

to justify the computation of total income and taxes.

�To access the screen select menu Income Tax ->

Income Details -> click Computation Sheet Button.


� Income Tax - Relief u/s 89(i) - Accrued Basis.

�In the Arrears - Accrued Basis screen, if more

than 10 years of arrears details are entered, they

will not appear in full in computation sheet.

�This screen will help you to enter compute

relief u/s 89(i) on accrued basis.

Reports:

�Rebate details can be enter using Details button.

�Report - Relief u/s 89(1)


Reports:

�Income Tax - Group Wise Income SheetThe Groupwise Income Sheet prints details of Income and

Tax in a more elaborated manner than the Income Tax

Register for a range of selected group. It lists the break up

of the Taxable Income under the various heads like Salary,

House Property, Business/Profession, etc along with

deduction under Chapter VI-A, Losses and Rebate details.

�To access the screen select menu Reports -> click Group

wise Income Sheet option.


wise Income Sheet option.

�By default password protected groups are

not listed in Group combo. To include such

groups select Include Password Protected

Group(s) option and specify Superuser's

password.

A sample report is as follows

Reports:

Income Tax RegisterThe Income Tax Register prints Income Tax details like

Taxable Income, Tax plus Interest, Advance Tax, etc for

the assessees under the selected range of group for the

selected Assessment Year.

If Taxbase & TDS are selected in Assessee Class then

the Income Tax details of employees defined in the TDS

system are also included in the Income Tax Register.


To access the screen select menu Reports -> click Income

Tax Register option.

By default password protected groups are not listed

in Group combo. To include such groups select

Include Password Protected Group(s) option and

specify Superuser's password.

Reports:

�Income Tax - Assessee/Assessment Year

Year-wise report :

�The Assessment Year-wise Statement of

Income provides a report based on the

income/tax details of a specific

group/assessee over the last five years

(previous to the selected Assessment

Year). With this report, the last five years


Year). With this report, the last five years

data is visible at a glance with respect to

Incomes (from the various sources) and the

taxes/pre-paid taxes with exemptions and

interest.

�To print the report select the

assessment year , range of the

group from and to, then click on the

"Report" button. The report will be

displayed on the screen.

�Advance Tax -Assessee/Assessment Year Year-wise report

Reports:

�The Assessment Year-wise Statement of

Income provides a report based on the

income/tax details of a specific group/assessee

over the last five years (previous to the selected

Assessment Year). With this report, the last five

years data is visible at a glance with respect to

Incomes (from the various sources) and the




interest.

�To print the report select the assessment year

, range of the group from and to, then click on

the "Report" button. The report will be

displayed on the screen.

Reports:

Advance Tax Challan

�Advance Tax Challan may be printed through this

option. It is printed on regular Advance Tax

Challan with the data you enter through the

Advance Tax module. These challans are accepted

by the government.

To access the challan window,- select menu Reports

-> click on Advance Tax -> click Advance Tax

Challan option.


Challan option.

�To print the Advance Tax Challan select whether

to print challan for the selected assessees or for the

assessees under the selected group. Select the

installment number and tick the Print records

having figures option to print the challan for the

assessee having the Advance tax details. Click Print

button to print the report

Reports:

Advance Tax Register

This register provides a view on how advance

tax has been paid by the assessees, during the

different installments.It shows the installment

wise details of Estimated income, the Tax

Deducted at Source and the amount of advance

tax paid under the different installments.

To access the screen select menu Reports ->

click Advance Tax Register option.


click Advance Tax Register option.

�A sample report is as follows :

Reports:

Auditors Report

This option will help you to prepare the Auditor's

Report. A default format is provided the contents of

which can be edited as per the uses choice. You can then

be print the Auditors Report using Print button.

To access the screen select menu Reports -> Auditor's

Report -> clickAuditors Report option


: A sample report is as follows :

Reports:

Audit Report Caro (2003)


:

Reports:

Challan Printing (Black & White)

�You will use this option to prepare the

following challans in the black and white format.

Income tax Challan (ITNS 280)

TDS/TCS tax Challan (ITNS 281)

Securities Transaction Tax, Hotel Receipts

Challan, Interest Tax, Expenditure Tax, Estate

Duty, Wealth Tax, Gift Tax (ITNS 282)

Banking Cash Transaction Tax and Fringe


:

Banking Cash Transaction Tax and Fringe

Benefit Tax (ITNS 283)

To access this screen select menu Reports -> click

Challan Printing (Black & white) option.

�You just need to enter the data in the screen.

Select the required options and print the challan in

Black and White Format.

You can also print a Blank Challan by selecting

Blank Challan option next to the Select Challan

combo.

Reports:

.

Master File List�Master File List is an exhaustive report containing

master details of assessees like Status, Father's Name,

Ward, Residence Status, PAN, TAN, Birth Date, Bank

Details, etc. with various filtering criterias.

To access the screen select menu Reports -> click

Master File List option.

�Fill the relevent details .


:


�Sample Report is

Reports:

.

�Data-Entry Sheet - Income Details�The Data Entry Sheet may be provided by the user

to his clients to enable them to fill out the necessary

particulars. This sheet may then be given to the data

entry operator to enable them to enter the relevant

data into Taxbase.

�To access this screen select menu Reports -> Data

Entry Form -> click Income Details option.



:


�Sample Report is

Reports:

�Data Entry Sheet - Investments DetailsThe Data Entry Sheet may be provided by the user to

his clients to enable them to fill out the Chapter

VI-A deduction details. This sheet may then be

given to the data entry operator to enable them to

enter the relevant data into Taxbase.

To access this screen select menu Reports -> Data

Entry sheet -> click Investment Details option.

.

A sample report is as follows :


:

A sample report is as follows :

Reports:

Sample Report

.

�Audit Trail ReportTo access this screen select menu Reports -> Data

Entry sheet -> click Audit Trail Report


:

Forms

.

The system provides you various Forms like Form 1, Form 2, Form 3, Form 10, etc.


:

Other Modules

.�To access this screen Click on Application.� you see that there is other special modules included in TaxbaseGold such as TDS, Wealth Tax ,Simple Accounting , & Billing etc…


:

SMS Facility ;

.�To access this screen click

on Miscellaneous- Send sms.

Here You have the option as

follows click on respective

option to access.

�Advance Tax Reminders

�Master file List


:

�Master file List

�Pending Documents

�Post filling information

�B’day wish

�Periodic Reminders

�Miscellaneous.

Email Facility ;

.�We have provided email facility for sending various Reports directly to Customer through over software.

�For this you need to configure your Outlook express account to you email ID .


:

THANK YOU …….


THANK YOU …….