Tag: Income tax

Section 112A – Income Tax on Long Term Capital Gain

Table of contents Introduction to Section 112A – Income Tax on Long Term Capital Gain Impact with the amendment in Section 112 A Steps to import the Capital Gain template from software. Introduction to Section 112A – Income Tax on Long Term Capital Gain  Vide Finance Bill 2018, the Government has come up with an

26AS import Process (Online)

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

How to export Client Master Data in Excel

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

The process to import income tax return XML file in Zen IT Auditor

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

26QB Filing Procedure

Table of contents What is Form 26QB? To make the payment of Challan 26QB from TDS Software these steps are to be followed. There is three step process: What is Form 26QB?   TDS applies to the sale of immovable property, where the cost of sale is equal to or greater than Rs. 50,00,000 .On this transaction tax at 1% shall

3CD annexure export / import process from TDS to Income Tax

Table of contents Process to export / import 3CD Annexure from TDS to Income Tax Process to export the data from ZEN TDS software Process to import the 3CD Annexure data in Income Tax software Process to export / import 3CD Annexure from TDS to Income Tax  This process helps the user to export/ import

TDS on Payment to Transporter u/s 194C

Table of contents To prepare the return “TDS on Payment to Transporter u/s 194C”, follow the steps provided below: Step 1: Open the e-TDS software, Go to Challan Entry →Form Wise Challan Entry → Form 26 Q (Non salary) option given in the menu bar. Step 2:  Enter a challan with “0” value. Leave the following fields blank- Step 3: Go to Deductee Entry →

24G e-filing Process

Table of contents 24G e-filing Process through TDS Software Here is what need to be done in order to fill up the 24G form. 24G e-filing Process through TDS Software  The Pay and Accounts Office (PAO)/ District Treasury Office (DTO)/ Cheque Drawing and Disbursing Office (CDDO) (CDDO in case of Central Government only) are required to file Form 24G as per Income-tax Department

Procedure for Mapping Deductee Entry (Non Salary) and ( Salary)

Table of contents ⋅Procedure for Mapping the Deductee /Employee Entries with the Challan.  For quarterly e-filing of TDS return, we are required to prepare Deductor Master and Deductee/Employee Master to prepare the return for form 24Q/26Q/27EQ/27Q as per the case. Against these deductee or Employee we are required to Pay the challan and accordingly we need to map the deductee/employee entries against the challan. After feeding all the challan entries and deductee

Form 15 G/H filing Process

Table of contents 1. What is Form 15G and Form 15H? 2. Conditions you must fulfill to submit Form 15G 3. Conditions you must fulfill to submit Form 15H Process to file form 15 G/H through TDS software 1. What is Form 15G and Form 15H?  If your income is below taxable limit and you