Gsoftnet

What is New in ITR-I (SAHAJ) Software (Excel Base Utility "RPU") by Income Tax Department for Assessment Year 2012-13 ?

The Income Tax Department yet not published all Form for Online Income Tax Return for their Taxpayee/Assessee for Assessment year 2012-13. Apart from this the department has been published ITR-1 (SAHAJ), ITR-2, ITR-3 and ITR-4S (SUGAM) earlier. A view about New ITR-1 (Sahaj) Return Preparation Utility which is provided by Income Tax Department in Excel Base Software to their Taxpayees/Assessees for submission of Annual Income Tax Return online by Taxpayee/Assessee for Assessment Year 2012-13 which is as below:

Some new columns have been inserted in NEW Return Preparation Utility, which are as below:

Description in "Return filed under section (Pl. see Form Instruction]"
11- BeforeDueDt (139(4)
12- AfterDueDt 139(4)
13- u/s 142(1)
14- u/s 148
15- u/s 153A
16- u/s 153C r/w 153A
17- Revised 139(5)
18- u/s 139(9)

In above it is too much good that a person who have less knowledge regarding income tax sections, do not need to go anywhere for selecting proper code for submitting his income tax return. He can easily select Before Due Date, After Due Date or Revised Return. This style of description with codes is excellent presentation in Income Tax Return.
  • If u/s 139(9)- defective return, enter Original Ack No.
  • If u/s 139(9)- defective return, enter Notice No.
  • if u/s 139(9)- defective return, enter Notice Date
Tax Status
  • Tax Refundable
  • Tax Payable
  • Nil Tax Return
What is the Unique TDS certificate Number?
CBDT has issued Circular 03/2011 on May 13, 2011,detailing new procedure of Issuance of TDS Certificates in Form No. 16A for Tax deducted on or after 01.04.2012

For the following categories of deductors, has been directed mandatory to download Form 16A from TIN Web Site and issue such downloaded certificates to deductees
  • Companies
  • Banks
  • Co-operative society engaged in banking business
For other deductors, it was optional to download Form 16A from TIN Web site ,Such downloaded TDS certificate will have a unique TDS Certificate Number.This procedure is applicable for all deductions made on or after 01-04-2011 by these three type of deductors.

Unique TDS Certificate No. (Still it is not mandatory, but required. It is available on Form 16 or 16A generated by NSDL or Receipt No. to be quoted on TDS certificate) mentioned in receipt of TDS Return in Last of row starting with Token No.

0 comments:

Post a Comment