Table of contents A flow is being suggested for entering the information under section 44AD, AE, ADA Business in case of ITR 4 filing 1. Steps to be followed: For Balance sheet 2. Steps to be followed: For Profit & Loss account 3. Steps to be followed: For Business and profession head 4. Steps to

The new rule as introduced by the Income Tax Department discontinues the use of “Challan Modify” or “Add New Challan Details” option in correction return filing. This option was previously used to add new challan or transfer voucher in correction statements. The primary reason for the discontinuation of the “Challan modify” or “add new challan” in

Table of contents Solution : Step 1: Step 2:  Important Notes in case of Presumptive Income (44AD / 44AE / 44ADA) who cannot file ITR-4 Income from more than one house property; or Income from winning of lottery or income from Race horses; or Income taxable under section 115BBDA; or Income of the nature referred to in section 115BBE; or Income

Table of contents Process to be followed:  The feature allows the user to export all the details related to their existing client in an excel sheet. Process to be followed: Step 1 : In Income Income Tax Software – Go to Reports → MIS → MIS option given in the menu bar. Step 2 : Click on the option Assessee Register given in left panel of the

Table of contents Process to import the challan directly in the software: This is a new feature introduced in the TDS software where the Multiple Challan details available on the OLTAS site can be directly imported in the software in just one click. Process to import the challan directly in the software: Step 1: Open the TDS

Table of contents Bulk Computation in TDS  software  New enhanced feature for printing Bulk Computation from TDS software has been provided.Single Computation Print selecting one employee at a time was a part of TDS software. Now this has been enhanced and multiple computation selecting n- number of employees at one click is possible using the TDS

Table of contents Process to Import 26AS directly to IT Software.  This feature allows the user to import Advance Tax, TDS / TCS detail and 15G/H details directly from the Income Tax Website.  Process to Import 26AS directly to IT Software. Step 1 : To import the 26AS Tax Details. Open the Income Tax software, go to Transactions → Tax Details option given in menu bar. Step 2: Click

Table of contents What is Schedule Asset and Liabilities and when it is applicable? Where to enter Schedule AL in the Income Tax Software? What is Schedule Asset and Liabilities and when it is applicable?  Income Tax Department has section AL from A.Y. 2016-17 called Asset and Liability ,Schedule AL ,in ITRs which is applicable in cases where the total

Table of contents Process to import income tax return XML file in Zen IT Auditor: Process to import income tax return XML file in Zen IT Auditor:  This feature allows the user to import ITR XML files generated by Government Utility, KDK income Tax software or any other software. To import the XML file in Income Tax Auditor please follow the steps below:Before

Table of contents How to calculate interest on late deduction and deposit in e-TDS Software To Generate Interest on late deduction report, To Calculate interest on challan payment where detail/transaction is not entered in software, How to calculate interest on late deduction and deposit in e-TDS Software Interest on late deduction and late deposit of TDS/TCS is applicable at the rate of