The process to enter disallowed partner’s interest and remuneration as per section 40 in Part OI Point no 8A h. “Amount of interest salary, bonus, commission or remuneration paid to any partner or member” As per section 40(b)(v) any payment of remuneration to any partner who is a working partner, authorized by, and is in […]
Any person having an estimated tax liability of Rs. 10,000 or more in a year is required to pay tax in advance. Advance tax applies to all the taxpayers, salaried, freelancers, and businesses. Senior citizens, who are 60 years or older, and do not run a business, are exempt from paying advance tax. This payment of tax […]
Below error message appears when user tries to import trial balance from Tally.ERP 9 to Income Tax Auditor Software.This happens when ODBC and Tally.ERP 9 are not opened in administrator mode ( Run as administrator)
Prerequisites to file 27Q (A non-resident, who does not have PAN, can avoid higher TDS deduction) Relaxation from deduction of tax at higher rate under section 206AA. In the case of a non-resident, not being a company, or a foreign company (hereafter referred to as ‘deductee’) and not having Permanent Account Number, the provisions of section […]
Conditions where Form 16 Part-A and Part-B would not merge The TDS Software has provided a feature of merging the Form 16 Part-A and Part-B generated from the website/software.There are few conditions were the merging of both these forms is not possible. Name Format of the Form is not matched. TDS software Edition is not matched. The Process given […]
This feature is a newly introduced feature in the Income Tax Auditor which helps the user to send Reports, Computation and ITR-V to the client. This feature also allows the user to get the copy of the aforesaid reports saved in the local system.
Software provides an option to import data directly from Tally to IT Auditor Software. Below error message appears when user tries to import trial balance from Tally.ERP 9 to Income Tax Auditor Software.This happens when ODBC and Tally.ERP 9 are not opened in administrator mode ( Run as administrator). To resolve this problem while importing trial balance please follow the steps below: Step 1 Close the […]
Letter Head Master: An Introduction The Income Tax Auditor Software allows the user to use predefined templates for Letter Head along with an option for manual input.There are almost 13 templates the software provides. User can also create template of his own choice. Logo’s such as CA logo, Advocate Logo can also be inserted. Use […]
The Income Tax Auditor Software has introduced a new feature wherein the client can access his client’s filed, e-verified, reviewed ITR’s etc, all through a single dashboard.There are basically 2 forms of dashboard available. Income Tax Auditor Dashboard. Assessee Dashboard. Dashboard – IT Auditor This dashboard gives a brief note on which assessee details have been started, submitted, verified etc. The notification […]
Table of contents FY 2019-20 & FY 2018-19 for both individual and corporate taxpayers To calculate and generate the Advance Tax Challan, please follow the steps provided below: Step 1: Step 2: Step 3: Step 4: Any person having an estimated tax liability of Rs. 10,000 or more in a year is required to pay tax in […]
