taxbase advanced level | sinewave computers

Head Office:

SINEWAVE COMPUTER SERVICES PVT. LTD.

T-22, 3rd Floor Super Mall, Salunke Vihar Road, Wanowrie, Pune 411 040.

TaxbaseAdvanced Level

Sinewave Computer Services Pvt. Ltd. Taxbase, 05/01/23

TaxbaseLAN” 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 TaxbaseLAN User’s Guide introduces you to the TaxbaseLAN features and helps you install TaxbaseLAN so that you are ready to use the software effectively. Once you are started, the context-sensitive help is accessible from within TaxbaseLAN 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. TaxbaseLAN is provided with free web and e-mail support and access to updates and new releases for a specified period of time.

About Taxbase :


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 Taxbase & TaxbaseLAN-> Click on the Taxbase for singleuser & TaxbaseLAN for multiuser -> Further steps are described from the next slide.



If startup screen does not appear after inserting CD in CD ROM then follow thefollowing 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 scree-> Tick on I accept agreement-> Click on next



By default database path is C:\Programe Files\ Sinewave\Taxbase 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.



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

You are being requested to update database after installation of software before proceeding to run the software smoothly.


TaxbaseLAN 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\TaxbaseLAN

-> 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



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 finishesHere 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)



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 :

-> E Mail Id (Registered with Sinewave) -> Customer ID ( provided at the time of Purchases )-> Password ( provided at the time of Purchases )-> Click on register-> Info will go to Sinewave’s server check this details on server If found then picks up & puts in the machine.-> 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


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.

Back up:

Name of The Zip file is TW120215.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 Data Imported successfully.


This screen will be appear from Miscellaneous - > Import Data -> Import Data for a Group

Import

Import 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 TaxbaseLAN 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 InformationAllow Access ToReset Multiple User Access


Group Definition :

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 .

With Password Without Password


Assessee Creation :

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Credit Card and Bank details may be entered as per required.

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.

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.

Areas Applicable allows the user to select the areas applicable from the given list which is used in Master File List & to Send SMS.


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.

The Other Form Data enter the information pertaining to the return such as Due Date , Date and Place of Filing, the Signatory etc. for a particular selected assessee.

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 89Exemption U/S 10 Professional Tax Deducted P.F. Deducted from SalaryTDS 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 / ProfessionSeparate 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



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.



Other Business Income :-

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



From the above screen select Business / Profession Option :

Give name of businessClick on the green aero to pickup profit from profit & loss statement. Then click on details option to enter allowable & disallowable expenses In the allowable expenses you can able to enter depreciation Then tick in appropriate check boxesIn 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 “Detail”& 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 .



Disallowable :In order to make the entries relating to Allowable & Disallowable regarding this source of Income, Click on “Detail”& 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 “Detail ” and select Treated Separately accordingly the option will be displayed Treated separately.

Disallowable

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Treated separately



Remuneration and InterestTo access the screen select menu Income Tax -> Business -> click Remuneration and Interest

Remuneration and interest paid are automatically posted to the respective partners (if the partner is defined as an assessee in the Taxbase.) when remuneration and interest screen is closed



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.



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 manuallyByfercate it periodically based on Advance Tax DatesThen 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.


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.

i.Improvement Cost data entryi.Improvement Cost data entry

Index Improvement Cost:

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


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.

Capital Gains:

Exemption : Residential/Debentures Residential

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.


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 Sources :


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.

Other Special Income :


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.While entering the Master Data on Static Information Screen if 07, 08 or 11 status code is selected a check box of Section 11 Applicable appears, tick this option to make the section 11 screen available for 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.


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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


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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.


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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.


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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.


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TDS & TCS :

Import Form 26 AS

This option helps you to import Form 26AS .


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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.

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


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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 IndividualOn or before 15th June 15% This installment is not applicableOn 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%

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.


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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 taxEvery 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.

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


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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) digitSave entry & click on Print for challan printClick 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. .

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


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.

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Other Form Data

To access the screen select menu Income Tax->Income Details -> click Other Form Data ButtonNote - 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".General Information - II To access the screen select menu Income Tax ->Income Details -> click Other Form Data Button -> click General Information Button.


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Printing Computation sheet

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

you will see the following screen of Computation sheet ..

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 .


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Printing ITR

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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Printing ITR ….


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Return E-Filing Procedure :

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 saveSystem will generate file with the name given at a specified location with .XML extension


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Return E-Filing Procedure… :

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.inOn 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


Return Uploading…. :

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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. numberThen prompt you to sign return with digital signatureIf 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


Reports:

Income Tax - Relief u/s 89(i) - Accrued Basis.

Income Tax - Computation Sheet

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. 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.


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Rebate details can be enter using Details button.

Report - Relief u/s 89(1)


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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


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Income Tax RegisterThe 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.


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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.


Advance Tax -Assessee/Assessment Year Year-wise report

Reports:

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.


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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


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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 :


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Auditors ReportThis 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

A sample report is as follows :


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Audit Report Caro (2003)


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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.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.


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.Master File ListMaster 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. Fill the relevent details .Sample Report is


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.Data-Entry Sheet - Income DetailsThe 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.Fill the relevent details .Sample Report is


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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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Sample Report

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.Audit Trail ReportTo access this screen select menu Reports -> Data Entry sheet -> click Audit Trail Report


Forms

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


Other Modules

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To access this screen Click on Application. you see that there is other special modules included in Taxbase LAN such as TDS, Wealth Tax ,Simple Accounting ,FBT & Billing etc…


SMS Facility ;

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To access this screen click on Miscellaneous- Send sms.

Here You have the option as follows click on respective option to access.

Advance Tax RemindersMaster file ListPending DocumentsPost filling informationB’day wishPeriodic RemindersMiscellaneous.


Email Facility ;

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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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