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

LAN Setting Procedure

Table of contents WHAT IS LAN SETTING AND ITS OBJECTIVE LAN SETTING PROCESS WHAT IS LAN SETTING AND ITS OBJECTIVE  LAN (Local Area Network) setup is developed by connecting two or more than two computers with each other using a physical connection or Wi-Fi in order to share files and data overtime. As specified above, Spectrum

Unveiling the Secrets of 26AS Import Process: How to Navigate it Online Successfully

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

Help file for importing Trial Balance directly from Tally

Table of contents Trial Balance direct import from Tally  Trial Balance direct import from Tally User can eliminate repetitive work by importing trial balance from Tally directly and can prepare Financial reports like balance sheet, profit and loss, trading account etc. To import the Trial balance from Tally, please follow the steps provided below: NOTE: Before proceeding with the process, the important details to keep in mind w.r.to

How to Merge Duplicate Employee/ Deductee record?

Steps to merge double PAN entries in master of salary and non-salary deductee records in TDS Software :  Step 1: Open the  TDS software , go to  Tools  → Merge Duplicate Employee/Deductee record option given in the menu bar.  Step 2 : In Merge options, select ” Merge Employee (Salary)” or ” Merge Deductee (Non Salary) ” whichever is required.  Step 3 : Under Identification option, put check on ” PAN ” for merging duplicate PAN entries and click on the Merge button. Step 4 : Wait for

Unlisted equity share details- Where to enter as per the new changes?

The new income tax return forms (All ITR’s except ITR 1 ,4 and 6) for the assessment year 2019-20 come with a set of changes where more detailed disclosures have been asked by the taxpayer. If you have held unlisted equity shares during the previous year then you have to report the same in the Income tax return .   As

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