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Presentation Transcript

About TaxbaseGold:

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.

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.

  • 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 :

The installation steps are as follows:

-> Insert Product CD in CD ROM Drive

-> This is autorun CD so

-> Startup screen will appear

-> Click on Products

-> List of products will display

-> Click on Taxbase

-> Two types of software’s at the bottom

as TaxbaseGold & TaxbaseGoldLAN

-> Click on theTaxbaseGold for singleuser & TaxbaseGoldLAN for multiuser

-> Further steps are described from the

next slide.


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

->Taxbase

-> Will display version screen

-> Click next

-> License Agreement screen

-> Tick on I accept agreement

-> Click on next


Software Installation from CD :

  • 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 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.


Software Installation from CD :

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

-> 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


TaxbaseGold Software Installation :

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

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)


TaxbaseGold Software Installation :

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

-> Install MySQL ODBC Connectivity : This is will install MySQL components for your database backend. It is not compulsory to install this; this is totally depended on the user. If user wants Microsoft Access as backend then he should not click on 4th option

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

-> 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

-> 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

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


Back up:

  • 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.

  • 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 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 DataImported successfully.


Import

  • Import Group

  • This screen will be appear from Miscellaneous - > Import Data -> Import Data for a 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 you as a user, this data may be transmitted to SCSPL optionally, hence we are aware on the versions being used by you.

  • This data is used optionally, to print on bills prepared by you, computation sheets etc.

  • Registration number is needed, for online updates etc., it is unique number provided to all licensed users of the product.

  • Besides above there are options to send routine reminders to your clients, these reminders may be like payment of provident fund, payment of TDS, payment of services tax, ESIC etc. These settings are done through master file data of client or control screen provided. You may disable this facility, if same is not desired by you.

  • Based on above criteria, upon entry to TaxbaseGold system reminds you on such SMS’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


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.

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

  • AreasApplicableallowstheusertoselecttheareasapplicablefromthegivenlistwhichisused in MasterFileList & to Send SMS.

  • 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.


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 options of printing that is, windows graphical print and conventional and fast dot matrix printing.

  • TheOtherForm Data entertheinformationpertainingtothereturnsuch as Due Date , Date and Place of Filing, theSignatory etc. for a particular selectedassessee.

  • 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)

  • 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 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

  • 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

  • then only you will be able to enter

  • 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

  • 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


Business / Profession Continue…… :

  • 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 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.


Business / Profession Continue…… :

  • Other Business Income :-

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


Business / Profession Continue…… :

  • 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

  • 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.

  • If click on “Depreciation” button the depriciation chart & arrive at the amount allowable depriciation will appear .


Business / Profession Continue…..

Disallowable:

  • 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.

  • 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


Business / Profession Continue…..

  • Remuneration and Interest

ToaccessthescreenselectmenuIncomeTax -> Business -> clickRemuneration and Interest

Remuneration and interestpaid are automaticallypostedtotherespectivepartners (ifthepartnerisdefined as anassessee in theTaxbase.) whenremuneration and interestscreenisclosed


Business / Profession Continue…..

  • 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.


Business / Profession Continue…..

  • 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.

  • 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%

  • 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 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.


  • Improvement Cost data entry

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.

  • Index Improvement Cost:

  • Indexed Improvement Cost is the amount which bears to the Cost of Improvement.


Capital Gains:

Residential 

  • Exemption : Residential/Debentures

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, 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

  • 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.


Other Sources :

  • 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 and so on.


Other Special Income :

  • 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

  • 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.

  • WhileenteringtheMaster Data onStaticInformationScreenif 07, 08 or 11 status codeisselected a check box of  Section 11 Applicableappears, tickthisoptiontomakethesection 11 screenavailablefor 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.

  • 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 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.

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  • 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 .

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  • You can click on Button Other Details to open the this screen.


115 JC

Copy of Total Income From Partnership (Computation )

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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 Individual

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

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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.

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  • 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 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

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Self Assessment Tax

  • Online Payment :

  • You can do the online payment by clicking on the online payment option & fill the respective details. .

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  • You can print challan of Advance TAx :can mail & Export in word & excel format by clicking on respective button.


Other Form Data

  • 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.

  • To access the screen select menu Income Tax->Income Details ->  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.

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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 options are provided in General information I & II.

  • To copy  all Data Available in 'Form 3CD' just click on button "Copy form 3CD data".

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  • 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

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  • To access this computation sheet - Income details - click on the Computation Sheet.

  • you will see the following screen of Computation sheet ..

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  • 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

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  • 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.

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Return E-Filing Procedure :

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  • 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

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Return E-Filing Procedure… :

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  • 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

  • How to upload file on website we will see from the next slide

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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

  • based

  • Then go to submit return option

  • Select assessment year

  • Select appropriate assessment year

  • You get another screen

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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

  • 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

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Reports:

Computation Sheet

  • Income Tax -

  • 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 Sheet 

  • The 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.

  • 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 Register

The 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 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.


Reports:

  • Advance 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 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.


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.

  • 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.

  • 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

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A sample report is as follows :


Reports:

Audit Report Caro (2003)

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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 Benefit Tax (ITNS 283)

  • To access this screen select menu Reports -> click Challan Printing (Black & white) option.

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  • 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.

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  • Fill the relevent details .

  • Sample Report is

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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.

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  • Fill the relevent details .

  • Sample Report is

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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.

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A sample report is as follows :

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Reports:

  • Audit Trail Report

  • To access this screen select menu Reports -> Data Entry sheet -> click Audit Trail Report

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Sample Report

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Forms

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

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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…

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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

  • Pending Documents

  • Post filling information

  • B’day wish

  • Periodic Reminders

  • Miscellaneous.

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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 .

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