Thursday, May 10, 2012

Tax Computation & e-Filing of Income Tax Returns

Tax Computation & e-Filling of Income-tax Returns’ are covering:

*  Computation of income under different heads of Income, i.e., Salary , House Property , Business or profession , Capital gains and Other sources
*  Relief under section 89
*  Auto computation under sections 80G, 111A, 112 etc.
*  Auto adjustment of losses & transfer thereof in schedules CYLA / BFLA / CFL
*  Computation of interest under section 234A, 234B & 234 C
*  Facility to auto generate Tax Audit Forms (i.e, 3 CA to 3 CD)
*  Computation of book profits & MAT
* Instant location and solution to validation errors
*  Facility to generate paper returns

Monday, May 7, 2012

Let Us Share A Compilation Of Best Practices & Orders

We are pleased to announce release of “Let Us Share-A Compilation of Best Practices and Orders, by Income Tax Department.

Let Us Share” was conceived three years ago, as a vehicle for sharing excellance both within the Income-tax Department and with the public. The compilation in “Let Us Share” starts with Vision, Mission & Values’ and the ‘Citizen’s Charter’ which signify the reference points for day to day working of the Income-tax Department. The remaining sections showcase the professional proficiency of the Department in the core area of taxation.

E-TDS Returns (F.Y 2012 -13)

E-TDS Returns (F.Y 2012 -13) Some of the salient features are
  * Unlimited Deductors / Companies, Deductee & Employee
  * Generates eTDS / eTCS Return for Forms 24Q, 26Q, 27Q & 27EQ
  * Generates NIL returns on a single key stroke
  * TDS/TCS Certificate – Forms 16, 16A, 27A & 27D
  Latest Integrated File Validation Utility (FVU) of NSDL for automatic data Validation
  * FVU file generation for Return submission in just on click
  * Instant display of file validation errors at same location
  Option to auto download CSI file during file validation
  Import data from Excel files (optional add-on)
  Online / Offline updation , data backup & restore facilities   Print out various utility reports
  Print out Forms 24Q, 26Q, 27Q & 27EQ for internal records
  * Option of Exporting reports in PDF/ Word/ Excel formats
  Extremely user-friendly Windows based interface.