taxmann's itr e filing software mod atul verma & rahul singh

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TAXMANN’S ITR E-FILING SOFTWARE

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Post on 23-Jan-2015

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  • 1. Benefit of the software User friendly (easy to operate). It is for four assessment years software comprise AY2010-11 to AY 2013-14. Provides auto computation of total income and tax liability adopting tax saving policies in the interest of assessee for ITR-1, ITR-2, ITR-3, ITR-4, ITR-4S, ITR-5 & ITR-6.

2. Benefit of the software Incorporating e-payment of tax through challanITNS280. Incorporating data back-up and restore facility. Incorporating facility to generate physical income tax return. Incorporating facility to auto generate Tax Audit Form(i.e., 3CA, 3CB & 3CD). 3. Benefit of the software Incorporating TDS, TCS, Advance tax and Self-assessment tax import facility directly from 26AS statement. Incorporating aids to the users through help files attached with every ITR form at different important points. Incorporating useful links as BSR codes, upload ITR etc. 4. Benefit of the software Incorporating model and draft facility. Incorporating XML validation/creation for e-filing ofincome tax return(i.e., ITR-1 to ITR-6) Master data import from any software generated XML. 5. Benefit of the software Instant location and solution to validation errors. Auto transfer of data from one column to other columnof same or different schedules. Incorporating facility to selecting heads of income for each and every ITR forms. 6. Coverage of the software Provisions of Finance act 2012(AY 2013-14),Finance act2011(AY 2012-13), Finance act 2010(AY 2011-12)&Finance act2009 (AY 2010-11) and corresponding income tax rules. Computation of income under different heads of income, i.e., salary, House Property, Business or Profession, Capital Gains and Other sources. 7. Workflow of ITR The very first step is installation of ITR software that user can do by CD. Following are 3 screen will come for that. On first screen, select the desired role. Single- For single user. Server- For multi user. Client For data entry in case server version installed. 8. INSTALLATION 9. ACCEPT THE TERMS IN EULA 10. 3rd Screen 11. REGISTRATION PROCESS After installation, registration process has to be followedthat we are presenting in following screen.Select the correct option for registration of ITR EFILING. 12. USER REGISTRATIONEnter user profile information with valid registration Keys 13. GET ACTIVATION CODEUse one of the option to get activation code 14. USER LOGIN 15. Multiple user can be created. This will provide a security against abuse by wrong users. 16. SELECTION OF ITR FORMS Please select the applicable ITR forms which you wish to file, from the button Select New ITR. On clicking the said button following screen will appear : 17. SELECTION OF INCOMES Please select the incomes for computation thereof. 18. ON SELECTION OF THE ITR FORM FOLLOWING SCREEN WILL APPEAR : 19. KNOW YOUR RESIDENTIAL STATUS On clicking the button Select Status the screen given below will appear, provide the inputs and check your residential status. 20. COMPUTATION OF TAXABLE ALLOWANCES, PERQUISITES ETC. Please click on Compute button and provide requisite details and get the taxable salary chargeable under the head Salaries. On clicking the said button following screen will appear : 21. COMPUTATION OF INCOME CHARGEABLE UNDER THE HEAD INCOME FROM HOUSE PROPERTY Please click on Compute button and provide requisite details and get the income chargeable under the head Income from house property. On clicking the said button following screen will appear : 22. COMPUTATION OF SHORT TERM AS WELL AS LONG TERM CAPITAL GAIN Please click on Compute button and provide the requisite detail and get the income chargeable under the head Income from capital gains. On clicking the said button following screen will appear : 23. CALCULATION OF ALLOWABLE DEPRECIATION Please click on Compute button and provide the requisite detail and get the allowable depreciation and auto transfer thereof in Schedules DFP, DCG accordingly. On clicking the said button following screen will appear : 24. COMPUTATION OF BOOK PROFITS Computation of book profit and maximum remuneration which is deductible as per section 40(b), amount which deductible/not deductible on account of remuneration and auto transfer thereof. Please click on Compute button to get the result, on clicking said button following screen will appear : 25. COMPUTATION OF ACCRUED INTEREST ON NSC Computation of allowable deduction under Chapter VIA including allowable total deductible deductions under sections 80C, 80CCC, 80CCD and calculation of accrued interest on NSC purchased in earlier years. On clicking Compute button following screen will appear : 26. COMPUTATION OF INCOME-TAX, SURCHARGE, EDUCATION CESS AND MARGINAL RELIEF Please click on Compute button to compute Income-tax, Surcharge, Education cess and Marginal relief. On clicking the said button following screen will appear : 27. COMPUTATION OF RELIEF UNDER SECTION 89 28. COMPUTATION OF INTEREST UNDER SECTIONS 234A Please provide the requisite detail and get the interests as per sections 234A On clicking Compute button following screen will appear : 29. COMPUTATION OF INTEREST UNDER SECTIONS 234B Please provide the requisite detail and get the interests as per sections 234B On clicking Compute button following screen will appear : 30. COMPUTATION OF INTEREST UNDER SECTIONS 234C Please provide the requisite detail and get the interests as per sections 234C. On clicking Compute button following screen will appear : 31. GENERATION AND VALIDATION OF XML FILES When your return is filled up please first click on Save button and then click on Validate/Generate button. If there is any error in XML file it will display those errors. You can locate and rectify these errors by clicking on these errors. Please rectify these errors, save the validated XML file and then upload it on www.incometaxindiaefiling.gov.in 32. GENERATION OF CHALLAN You can print self assessment challan as per following steps Step 1 - Click on Master button and select the assessee. Step 2 - Click on Challan button and fill the general details and then click on Print button. Step 3 - Take print out of Challan to deposit the Tax. 33. Coverage of the software Auto adjustment of losses & transfer thereof in schedules CYLA, BFLA & CFL. Computation of interest under sections 234A, 234B & 234C. Computation of book profit and MAT. 34. Hardware requirement of the software PC processor : 1.5 GHz or higher. Operating system : Window XP/Window 00/Window Vista RAM : 512MB or higher CD ROM Drive :24X or more Hard drive space required :1GB 35. Tips For better execution, your system settings should be as follows: Regional settingEnglish(United States) Resolution 1024 by 768 pixels Color High colors 16/24 Bit Date setting dd/mm/yyyy (Go to Control panel > Regional Settings >Date > short date style) and date separator should be-/.