#2.Choose Package and Pay online with different payments modes available #3.On placing the order, your application is assigned to one of our dedicated professional #4.Our professional team will prepare computation of income & net tax liability ...
Gen Income Tax Software is an advanced software solution for faster return filing of ITR 1 to ITR 7 forms that fulfil all your computation needs in compliance with the prevailing Income Tax norms. Calculation of Income Tax, Self Assessment Tax, Advance Tax and Interest calculation u/s 234A,23...
It states any difference between the amount of Income, Deductions and Income Tax Payable, and TDS or Income Tax paid as stated by you in your return with respect to that computed by your Income Tax Officer u/s 143(1).If you look at the notice you will see that there are two columns:...
Deductions and Exemptions: Taxpayers can claim deductions under various sections of the tax law, such as for investments, expenses, donations, etc. These reduce the taxable income. Tax Computation: After reporting income and deductions, taxpayers calculate their taxable income based on the applicable ...
Books, documents or assets are seized or called for by the Income Tax authorities u/s 132A. If assessment/reassessment/revision/re-computation is pending or completed. If there is no additional tax outgo (when the tax liability is adjusted with TDS credit/ losses and you do not have any ...
Form 1700– Please use this form if you haveno other sources of incomeother than employment income. With this form, you’ll need to add all employment income and deduct all payroll taxes withheld by your employer(s) and pay the remaining tax due (if any).Since this is used by individual...
ITR software and income tax e-filing software. Income tax software is enabled for different types of Assessee Status. The data entry in CA-ERP is verysimple and user-friendlydue to minimum key operations andsingle window computation. As the calculation of tax and entry of data are in the ...
Total income (B4 – C1)Part D – Computation of tax payableThis tab includes all the valuation of tax payableD1 Tax payable on total income D2 Rebate u/s 87A D3 Tax after rebate D4 Cess on D3 D5 Total tax and cess D6 Relief u/s 89(1) D7 Interest u/s 234A D8 Interest u...
Filing of income tax return is a self assessment method wherein the taxpayer needs to make a computation of taxable income earned during the previous year and the income tax payable thereon. Before filing the return, the due tax must be paid. The tax can be paid online or through challan ...
Income from Other sources such as interest of Saving Bank Account, Fixed Deposit, Recurring Deposit, Senior Citizen Saving Scheme(SCSS) needs to be shown in the Income Tax return. This article explains Income from Other sources, with picture, what kind of income comes under this head, whether...