Release Informations for Ay.2020-21

Ver : 20.*.8.4

• Schedule SI : LTCG PTI @ 10% issue Fixed.

Ver : 20.*.8.3

• Part B.TTI : Rounding off issue of AMT's 'Health and Education Cess', fixed.

Ver : 20.*.8.2

eTDS

· Decimal Issues in Deductee Entries for 24Q,26Q,27Q & 27EQ, Fixed.

Ver : 20.*.8.1

• ITR-4 : SCHEMA updated as per the new changes released by the Dept.

Ver : 20.*.8.0

• ITR-2,3,5,6,7 : SCHEMAs updated as per the new changes released by the Dept. (Length modifications of columns/fields)

eTDS

· Excel Importing Templates for 27EQ introduced separately. USERS are kindly requested to use the file ' Sample E-TDS 27EQAllQtr' for the same.

Ver : 20.*.7.1

· Updated module with FVU version 7.0 as per Dept’s changes.

Ver : 20.*.7.0

• Section 234A : Calculations changed as per new Return Filing Dates.

Ver : 20.*.6.1

• Unabsorbed PTI Loss : Unabsorbed PTI ST Loss was not getting adjusted along with current year ST Gain, fixed now.

Ver : 20.*.6.0

• Sch.112A : Earlier, Schedule 112A was printing entries for only ‘Resident’ status and now this is changed and ‘Not Ordinary Resident’ will also use Sch.112A, as the Dept. is doing the same. Only ‘Non-Resident’ status will print entries in Schedule : 115AD(1)(b)(iii ) proviso.

· Important Note : Only Schedule 112A allows 4 decimals by the Dept. Users are therefore kindly requested to feed Short Term entries in the Excel template File used for Importing entries in 2 decimals only. More than 2 decimals, if any, will be ignored by the s/w while Importing and ultimately the figures in Excel file & the s/w figures will NOT tally. Kindly check the entries before Importing and DO NOT call us for Tally errors because of the extra decimals.

Ver : 20.*.5.5

• ITR-7 : SCHEMA updated as per the new changes released by the Dept.
• LTCG PTI 10% calculation error in case of only LTCG PTI income, fixed.
• Schedule EI : DTAA Error, fixed.

Ver : 20.*.5.4

• 26AS Import Error in some cases fixed.
• Error in Total printing of document mode in Sch.112A, fixed. No error in XML generation.

Ver : 20.*.5.3

• Tally Error of Rs.1/- of LTCG in some cases in Sch.BFLA, fixed.
• PTI Dividend u/s 115BBDA of IFOS, if any, will now added in the 1^st Quarter of OS bifurcations.

Ver : 20.*.5.2

• ITR-6 : SCHEMA updated as per the new changes released by the Dept.
• Sch.112 : Now allows 4 decimals in ‘Qty’, ‘Sale Rate’, ’FMV Rate’ as per Dept’s changes.
• Sch.112 deductions Not coming in some cases, Fixed.
• Note : Due to the new 4 decimals, some times the breakups of all Quarters may Not tally (difference of Rs.1/- or Rs.2/- happens) with the Total of Sch.BFLA and eventually gives Error at the time of Uploading the XML. To solve this issue we now reduce the difference from the 1^st available Quarter which appears in Sch.CG, Point # (F)

Ver : 20.*.5.1

• ITR-5 : SCHEMA updated as per the new changes released by the Dept.
• Error of Section 234A & 234B Date in St. of Income, fixed.
• ‘Column 7 : Cost of acquisition without Indexation is not Higher of Col.8 & col.9’ Error while uploading, fixed.

Ver : 20.*.5.0

• ITR-3 : SCHEMA updated as per the new changes released by the Dept.

Ver : 20.*.4.3

• ITR-2 : SCHEMA updated as per the new changes released by the Dept.
• In B&P – Depreciation : Correction of ‘Proportionate aggregate depreciation allowable’, if any.
• Minor corrections in ITR document printing.
• In Challan Printing, missing Tds/Tcs sections implemented.

Ver : 20.*.4.2

• Now in Capital Gains columns ‘Quantity’, ‘Sale Rate’, ‘Cost Rate’,’FMV Rate’ at the time of Data entry will allow 2 decimals and deletes all the extra decimals.
• Surcharge will now be calculated @ 37% for 112(1)(c) section of LTCG.

Ver : 20.*.4.1

• ITR-7 : Part B-TI changed as per Dept’s s/w.
• Section 234A : Calculations changed as per new Return Filing Dates.
• For 234A, in Client Master keep the ‘Return Due Date’ as ‘31/07/2020’ & ‘30/09/2020 as applicable. You may kindly change the ‘Applicable Due Date’ as required.
• In ‘Client Master’ for Domestic company, 2 new columns (10IC Receipt # [22%] & 10ID Receipt # [15%]) added under tab ‘Miscellaneous’ to keep track of Form 10IC and 10ID. If these columns are kept Empty and if 15% or 22% Tax slab is selected, a warning Error will be given at the time of XML generation.
• In ‘Depreciation’ module new column ‘WDV adjustment (115BAA)’ added.

Audit

• 3CA-3CD & 3CB-3CD Schema changed as per Dept’s changes.

Ver : 20.*.4.0

• ITR-7 : ‘Statement of Income’ changed by considering ‘Voluntary Contributions : Corpus’ as per changes made in Dept’s s/w.
• More validations for Long Term module.

eTDS

· Updated module with FVU version 6.9 as per Dept’s changes.

Ver : 20.*.3.4

• ITR-4 & 7 : SCHEMA changes as per the new version released by the Dept. is now Updated.
• More validations are implemented by the Dept. User are kindly requested to SAVE the ‘Capital Gain’ module once again before generating the ‘Statement of Income’
• Also for 112A entries, ‘Qty’ & ‘Sale Rate/share’ is now compulsory, so kindly check the already Fed in DATAs.

Ver : 20.*.3.3

· ITR-6 : Error in Uploading XML in case of Slashed Rates (Domestic Co.), Fixed.

· Slashed Rates options added with Section ‘115BA’

Ver : 20.*.3.2

· ITR-6 : XML gets generated and ready to Upload.

· Excel Importing Templates for 'Balance Sheet Ind-AS' and 'P&L Ind-AS' introduced. USERS are kindly requested to use 'Sample IT FA Balance Sheet-IndAS.xls' and 'Sample IT FA Profit-n-Loss-IndAS.xls' for the same.

Ver : 20.*.3.1

• ITR-5 : SCHEMA changes as per the new version released by the Dept. is now Updated.

· ITR-7 : Section Error while creating XML file, Fixed.

· Schedule SI : PTI error in case of STCG (some cases), Fixed.

Ver : 20.*.3.0

• ITR-1 : SCHEMA changes as per the new version released by the Dept. is now Updated.

· ITR-7 : XML gets generated and ready to Upload.

Ver : 20.*.2.2

• ITR-2 : SCHEMA changes as per the new version released by the Dept. is now Updated.

Ver : 20.*.2.1

· ITR-5 : XML gets generated and ready to Upload.

Note : Since Dept. has not released the JAVA utility for IT-5, testing our XML with the same has NOT been done.

Ver : 20.*.1.2

• ITR-3 : SCHEMA changes as per the new version released by the Dept. is now Updated.
• Current Year Agricultural Loss, if any, will now be shown under C/fd messages of Sof I.
• Since the sample Template for P&L entries (‘Sample IT FA Profit-n-Loss.xls’) got changed, USER who Imports DATA are kindly requested to Feed entries as per the NEW Template.

Ver : 20.*.1.1

· ITR-3 : Error ‘Total Income not equal to …… after rounding off’ while uploading, fixed.

· ISIN Codes introduced for LTCG module. Around 50,000 Scripts incorporated and will be displayed at the time of Data Entry. When a script is selected the ISIN is automatically picked up. If any particular Script is Not found USER may add this under ‘Masters’ -> ‘Standard Scripts’. OR

USER may Import all such Items from Excel file as per the structure given in sample file ‘Sample IT ScriptMaster.xls’ under the menu ‘Utilities’ à ‘O/p file maintenance’ à ‘CompuTax Reports’

Ver : 20.*.1.0

· ITR-3 : XML gets generated and ready to Upload.

Note : Since Dept. has Not released the JAVA utility for IT-3, testing our XML with the same has Not been done.

Ver : 20.*.0.11

• Fine tuning of SURCHARGE @ 10% / 15% for sections 111A, 112A and 115AD.

eTDS

· Updated module with FVU version 6.8 as per Dept’s changes.

Ver : 20.*.0.10

• 234-A Interest calculation changed. If SA tax liability exceeds Rs.1 lakh then 234-A Interest is calculated on delayed payment after 31^st July OR 30^th Sep, as the case may be, irrespective of the NEW due Date.

Ver : 20.*.0.9

· Rounding off Error in Part-B TI of ITR-2 while uploading, Fixed.

Ver : 20.*.0.8

· Rounding off Error in Part-B TI of ITR-2 while uploading, Fixed.

Ver : 20.*.0.7

· ITR-2 : XML gets generated and ready to Upload.

· 80D changed – Apart from Senior Citizen Parents, if the Assessee is Not a senior citizen, but any of his Family member is a Senior citizen, then also Rs.50,000/- slab is allowed now, as per Dept’s s/w.

Ver : 20.*.0.6

· ITR-4 : Updation of SCHEMA changes as per the new version released by the Dept.

Ver : 20.*.0.5

• 80D Calculation opened for HUF status.

Ver : 20.*.0.4

• Error in Schedule 80D while uploading, Fixed.
• ITR-1 & ITR-4 : XML gets generated and ready to Upload. (Mentioned erroneously as ITR-2 in yesterday’s Mail)

Ver : 20.*.0.3

• ITR-1 : XML gets generated and ready to Upload.
• ITR-2 : XML gets generated and ready to Upload.

eTDS

· Updated module with FVU version 6.7 as per Dept’s changes.

Ver : 20.*.0.2

• ITR-1 & ITR-4 physical Form ready, XML generation will be released soon.
• Advance Tax Calculation module now calculates Tax for old regime as well as Tax for New regime.
• In 'SALARY' Data entry, new Categories have been added by the Dept (Central Govt, State Govt etc), hence kindly check the DATA and make corrections, if required, before Finalising the Return.
• 80D under DUC VI-A has been changed by the Dept. with new structure. USERS who have already entered DATA will have to CLEAR the DATA in Data Entry of 'Deduction u/c VIA' by clicking the 'Clear' button of the 'Actions' panel given on the right side or by pressing 'Ctrl + E' button and then Feed the DATA again as per the NEW structure. Else if you directly enter the 80D, Error may occur.
• A New Schedule 'DI - Details of Investment' have been added. Data entry for the same can be done, if any, in Data Entry of 'Deduction u/c VIA' --> 'VI-A upto 30/6/20' tab page. (Please Note that Sch.DI figure should be the partial AMOUNT, if any, which is already included in the tab page of VIA (Others).
• 'Unabsorbed Losses' Data entry includes more Losses like HP-PTI, Short Term - PTI, Long Term - PTI, Insurance Business loss u/s 155B etc.
• A New Schedule 'TPSA-Details of Tax on secondary adjustments as per section 92CE(2A)' is added (ITR-3,5,6). The Data Entry is available under 'Annexures' --> 'Miscellaneous Others' --> ‘Foreign Assets, Miscellaneous O, SofI' --> 'Schedule TPSA :' item under the 'Miscellaneous' tab page.
• Company Tax option of 15%, 22% can be done in 'Business & Profession' --> in 'Book Profit' tab page 5th Item of Misc.

Ver : 20.*.0.1

• Updation due to changes in Ay.2019-20.

Ver : 20.*.0.0

Important NOTES :

• 'Salary' Data Entry : The following items under ‘Salary’ tab will now accept manually calculated figures as well as Calculate automatically if other parameters are fed in.

1) 10(10) : Death-cum-Retirement Gratuity received

2) 10(10AA): Earned leave encashment on Retirement

3) 10(13A) : HRA received

• Cess will be calculated directly @ 4% in Statement of Income as done by Dept. No breakups like Education cess, Secondary & Higher Education Cess and Health Cess as done earlier.
• In Statement of Income “T O T A L I N C O M E” Rounding off U/s.288A is now removed. This is done to avoid the ERRORS of amount mismatch in XML.
• Deductions u/c VIA : New sections 80EEA & 80EEB.
• All other new Slabs & percentages of Ay 2020-21.

Release Informations for Ay.2019-20

Ver : 19.*.11.0

• Error in B&P Annexure presentation in St. of Income (XML is correct) for some options, Fixed.

Ver : 19.*.10.11

eTDS

· New sections ‘194Ja & ‘194Jb’ updated in FVU version 6.8 is only for Fy.2020-21, hence changed back to ‘194J’ for other years.

Ver : 19.*.10.10

eTDS

· Updated module with FVU version 6.8 as per Dept’s changes.

Ver : 19.*.10.9

• Agricultural relief presentation in SofI which got changed by mistake in ver 19.*.10.8, fixed.

Ver : 19.*.10.8

• eTDS : Error while generating FVU in case of Revision of 24Q-Qtr 4 for Salary from both Prvs.Employer & Curr. Employer, fixed.

Ver : 19.*.10.7

• More columns incorporated in Sample File of TDS which gets Imported.
• Sch.TDS : In document mode, ‘Other PAN’ not getting printed, fixed.

eTDS

· Error while generating FVU in case of Revision of 24Q-Qtr 4, fixed.

Ver : 19.*.10.6

• ‘Other Person PAN #’ incorporated in Sample File of TDS which gets Imported.

eTDS

· Error while generating FVU in case of Revision of 24Q-Qtr 4, fixed.

Ver : 19.*.10.5

• Calculation of 25% Surcharge on 115BBE now changed and calculated only if AMT/MAT not Applicable.
• Other Person’s PAN added in TDS Data Entry.

eTDS

· Error while generating FVU in case of Revision of 24Q-Qtr 4, fixed.

Ver : 19.*.10.4

· Error in calculation of Agricultural Relief in case of AOP, Fixed.

Ver : 19.*.10.3

eTDS

· Updated module with FVU version 6.7 as per Dept’s changes.

Ver : 19.*.10.2

· ITR-7 : In Sch.I Dept. in XML is printing from 2012 forcefully even if NO data is there where as we were printing only the DATA of the given Year. Now we also changed this as per Dept's style.

· ITR-7 : In Part B-TI point # '24. Income chargeable at maximum marginal rates (22-23)' now will be printed only when 'Maximum Marginal Rate' is Yes and Not like before (22-23).

Ver : 19.*.10.1

· Error while Importing 26AS in some cases, fixed.

eTDS

· Updated module 24 Q4 for an error at the time of uploading the .fvu file.

Ver : 19.*.10.0

· Ready for Migration to 2020-21

Ver : 19.*.9.7

eTDS

· Updated module with FVU version 6.6 as per Dept’s changes.

Ver : 19.*.9.6

· ITR-7 : XML generation error in case of 139(9) fixed.

Ver : 19.*.9.5 & Ay.2018-19 ver : 18.*.12.11

· 26AS format changed by the Dept. is now updated in the S/w to get it Imported properly.

Ver : 19.*.9.4

eTDS

· Updated module with FVU version 6.5 as per Dept’s changes.

Ver : 19.*.9.3

· ITR-6 : SCHEMA changes as per the new version released by the Dept. is now Updated.

Ver : 19.*.9.2

· ITR-1,2,3,4,5,7 : SCHEMA changes as per the new version released by the Dept. on 6^th Dec is now Updated.

Ver : 19.*.9.1

· ITR-5 : XML generation error in case of 139(9) fixed.

Ver : 19.*.9.0

· ITR-1,2,3,4,5,6,7 : SCHEMA changes as per the new version released by the Dept. on 6^th Nov is now Updated.

Ver : 19.*.8.1

· ITR6 : Fine tuning.

· ITR7 : Presentation in S of I changed for some points.

Ver : 19.*.8.0

eTDS

· Updated module with FVU version 6.4 as per Dept’s changes.

Ver : 19.*.7.10

· Schedule AL1 : Excel Importing Templates for clauses c,d,e, g & j were seperate earlier, now changed to one single Template with different worksheets in the same File, so that IMPORTING is done in one shot. USERS are requested to copy DATA, if any, of different clauses into the NEW given template 'Sample IT CoAL1.xls' & then do the Import. Earlier single Templates for Sch.AL1 is Invalid now.

· ITR3 : Uploading Error in LTCG in some cases Fixed.

· ITR6 : Nature of Company à In Data entry ‘Company Unlisted : Yes / No’ option given.

Ver : 19.*.7.9

· Uploading Error in case of Section 80-P, fixed.

Ver : 19.*.7.8

· Section 234-A calculation updated as per the new Due Date of 31/10/2019.

Ver : 19.*.7.7

· ITR-6 : SCHEMA changes as per the new version released by the Dept. on 1st Oct is now Updated.

Ver : 19.*.7.6

· ITR-6 : Schedule AL1 – Excel Importing facility for 'G.Details of Loans & Advances to any other concern' and 'J.Details of loans, deposits and advances taken from a person other than financial institution' implemented.

· XML uploading Error in Sch.CG of ITR-7 in some cases, Fixed.

Ver : 19.*.7.5

· In picking of Higher TAX between Normal Tax & AMT or MAT, ‘Rebate on agricultural income’ & ‘Rebate u/s 87A’ is also considered NOW.

· XML uploading Error in LTCG Quarter Totals in some case fixed.

Ver : 19.*.7.4

· ITR-6 : Schedule AL1 – Excel Importing facility for ‘Details of Other Securities’ implemented.

· Earlier calculation and picking of Higher TAX between Normal Tax & AMT or MAT was done by considering the TAX element only. Now this has been changed to Normal TAX + Surcharge + Cess & TAX on AMT or MAT + Surcharge + Cess as per Dept's s/w.

· XML generation Error in LTCG Quarter Totals in some case fixed.

Ver : 19.*.7.3

· ITR-6 : Schedule AL1 – Excel Importing facility for ‘Details of Unlisted Equity Shares’ implemented.

· Fine tuning of ITR-6 document.

Ver : 19.*.7.2

· ITR-6 : Schedule AL1 – Excel Importing facility for ‘Details of Listed Equity Shares’ implemented.

· Excel formats for Importing ‘Details of UnListed Equity Shares’ and ‘Details of Other Securities’ available for Data Entry, will be implemented & released soon.

· Fine tuning of ITR-7.

· ITR-3 uploading Error in some cases, fixed.

Ver : 19.*.7.1

· ITR-6 : ‘Form2AccordPara5DPIITFlag’ error while generating XML, fixed.

· Fine tuning of ITR-6.

Ver : 19.*.7.0

· ITR-6 : Excel sheet Import for Schedule SH1-a,b,c implemented.

· Fine tuning of ITR-6.

Ver : 19.*.6.4

· ITR-2 : Uploading Error in Point # 15 for some cases, fixed.

Ver : 19.*.6.3

· ITR-2 : Uploading Error in Point # 15 for some cases, fixed.

· Kindly NOTE that in ‘Statement of Income’ rounding of ‘SA Tax Payable u/s 288B’ to nearest 10 is removed as this is NOT done in Part-B TTI of ITR and because of this tally Error of Rs 2 or 3 occurred frequently while uploading XML.

Ver : 19.*.6.2

· ITR-2 changes in point # 15 of Part B-TI by Dept, now updated in the s/w.

Ver : 19.*.6.1

· ITR-6 ready for XML generation & uploading.

Ver : 19.*.6.0

· ITR-7 ready for XML generation & uploading.

· CG : PTI Income, if Loss, NOT getting printed in S of Income fixed.

Note :

· In Dept's Java utility, under 80D, preventive Health checkup of Rs.5000/- available, if Type selected as 'Self & Family', got changed again & NOW deduction is NOT allowed. But we have NOT changed this. In our s/w Deduction is available.

Ver : 19.*.5.4

· ‘Object Reference’ Error and ‘Key Not Found’ Error appearing in Statement of Income, in some cases, fixed.

Ver : 19.*.5.3

· ITR SCHEMA changes as per the new version released by the Dept. on 1st Aug is now Updated.

· Earlier in Dept's Java utility, under 80D, preventive Health checkup of Rs.5000/- was Not available, if Type selected as 'Self & Family'. Now Java utility got changed & deduction is allowed. We have also changed this in the s/w accordingly.

Ver : 19.*.5.2

· Error in Statement of Income presentation Fixed.

· Schedule CG : In ST & LT Property, earlier Higher of Sale Value & Stamp Value was taken as Sale Value. Now this is changed to : In case (aii.Stamp value) does not exceed 1.05 times (ai.Sale Value), figure taken as (ai.Sale Value), OR else taken (aii.Stamp value)] as mentioned in ITR.

Ver : 19.*.5.1

· Billing Format error Fixed.

· In Annexure ‘Other House Property’ Tenant's Name added.

· Schedule GST Error in XML fixed.

· More Validations & Warnings implemented

· In TDS Data entry, while Importing from 26AS ‘Source’ by default is always selected as ‘Ifos’ as that column is unavailable in 26AS. Users are kindly requested to check & Select the correct ‘Source’, if NOT Ifos, as applicable.

Ver : 19.*.5.0

· S/w updated as per the NEW Schema changes on 19th July.

Important Information for this update.

In LTCG with 112A entries, if ISIN code found for every Entry, Sch.112A will be generated ELSE only the Totals will be taken to the respective points of Schedule CG.

Ver : 19.*.4.1

· ITR-2 changed as per the NEW Schema released by the Dept.

· ITR-3 changed as per the NEW Schema released by the Dept.

Areas to be relooked once again after this updation

1. Master : General Infos :-

a. "Director in a company at any time" :- New field added

b. "Held Unlisted Equity Shares at any time during the previous year ?" : - New field added

2. Salary :- Break-up of Salary u/s 17(1) Total, ie. Basic Salary, HRA, Gratuity etc. done. SAVE once again before generating XML.

3. CG :- Data Entry : For SHARE assets, feed ISIN code & Rate per Share on 01/02/2018

: Report :- SAVE DATA ENTRY once again before generating XML, as the presentation of Sch.CG-LT changed by Dept.

4. IFOS : Data Entry :- Income from Family Pension & Deductions u/s 57(iia). SAVE once again before generating XML.

5. 44AD, 44ADA, 44AE : Nature of Business codes Revised.

Ver : 19.*.4.0

· Schedule - SI : PTI Income NOT presented properly, Fixed.

Ver : 19.*.3.4

· ITR-1 & ITR-4 changed as per the NEW Schema released by the Dept.

Ver : 19.*.3.3

· ITR-5 physical Form as well as XML generation ready & released for uploading.

· More validations & checks implemented.

Important Note

IN CASE OF PRESUMPTIVE INCOME UNDER 44AD, 44ADA & 44AE, IF ITR-3, 5 OR 6 IS SELECTED, THEN USERS ARE KINDLY REQUESTED NOT TO INCLUDE AND FEED 44AD, 44ADA & 44AE INCOME IN THE 'NO A/CS MAINTAINED' PART IN P & L ACCOUNT FOR THIS ASS.YR (2019-20). ELSE THE DEPARTMENT WILL ADD THIS AMOUNT AGAIN IN THEIR S/W.

Also kindly note that the following points :

For AY.2018-19, If ITR-3 is selected then,

1. In B&P, Feed Firm Name & increase the NET Profit by Presumtive Income amount.

2. Feed 'No Accounts Maintained' details given at the end of P&L Entries.

For AY.2018-19, If ITR-4 is selected then,

1. Feed Presumtive Income.

2. Feed details of 'Financial Details' tab page of the same module.

For AY.2019-20, If ITR-3 is Selected then,

1. In B&P, Feed Firm Name & increase the NET Profit by Presumtive Income amount.

'No Accounts Maintained' of P&L Entries, NOT to be fed this year for Presumtive Income amount.

For AY.2019-20, If ITR-4 is Selected then,

1. Feed Presumtive Income.

2. Feed details of 'Financial Details' tab page of the same module.

Ver : 19.*.3.2

· Special Edition for all USERS where 3.1 version did not RUN properly.

Ver : 19.*.3.1

· LTCG module : Sch.CG.B.4d/5d. Item 'Less- LTCG threshold limit as per section 112A (4c – Rs. 1 lakh)' was showing figure as 0, if Loss, now will show the Loss figure itself.

· Some miscellaneous fine tuning.

Ver : 19.*.3.0

• LTCG module for partly Exempt entries fixed by taking the Deemed Cost as cost of acquisition. Users are kindly requested to SAVE the Annexure once again before generating Statement of Income & XML, to arrive at the correct figures.
• Sch. IFOS : NSC Interest accrued, earlier appearing in ‘Others’, now shifted to ‘Interest Others’

Ver : 19.*.2.0

• ITR-3 physical Form as well as XML generation ready & released for uploading.

Ver : 19.*.1.3

• Salary : Allowance totalling Error if more than 1 Company, fixed.
• New columns added in Capital Gain Excel File for importing data.

Ver : 19.*.1.2

• Key Not found ERROR while generating ITR-4 fixed.
• Special Income Total error in ITR-2 Part B-TI fixed.

Ver : 19.*.1.1

• STCG Total error in ITR-2 Part B-TI fixed.

Ver : 19.*.1.0

• ITR-2 physical Form as well as XML generation ready & released for uploading.
• Salary module has been changed to accomodate more options as per the Dept's s/w.

USERS are kindly requested to check and SAVE the SALARY module before generating S of I & XML.

USERS are kindly requested to NOTE that the LT-Gain fed & calculated in multiple entires will give wrong result in ITRs. For Eg: Feed the below entries, one entry at a time, and see the ITR-2 page 5. You will be getting the results as shown in the 2^nd Table as per the format of ITR-2, point # B4 of Sch.CG under LT, which is presented correctly as per the given formula in ITR-2

	Sale Consideration	Actual Cost	Cost as on 31/01/2018	Calculated Profit/Loss
Case 1	10000	12000	3000	-2000
Case 2	20000	2000	4000	16000
Case 3	25000	5000	7000	18000
Case 4	1000	6000	8000	-7000
Case 5	5000	0	10000	-5000
Total	61000	25000	32000	20000

	4a	B2	B1	iB	iA	bi	bii	biii	biv (bi+bii+biii)	4c (4a – biv )
Case 1	10000	10000	3000	3000	12000	12000	0	0	12000	-2000
Case 2	20000	20000	4000	4000	4000	4000	0	0	4000	16000
Case 3	25000	25000	7000	7000	7000	7000	0	0	7000	18000
Case 4	1000	1000	8000	1000	8000	8000	0	0	8000	-7000
Case 5	5000	5000	10000	5000	10000	10000	0	0	10000	-5000
Total	61000	61000	32000	20000	41000	41000	0	0	41000	20000

Now if you feed all the above ENTRIES together, you will find that the exact TOTAL values, as per the table, in ITR-2, point # B4 of Sch.CG of LT Gain, but if you check the calculation according to the formula, you will find that the working is WRONG, ie. for column iB.

Hence USERS are kindly requested to hold the uploading of the ITR for LT Gains till the correction is done by the Dept. OR generate the XML from our s/w & import it in the Java utility & make the changes, which according to you is right & then generate the XML & upload it.

Ver : 19.*.0.4

• ITR-4 physical Form as well as XML generation ready & released for uploading.

Important NOTES :

USERS are requested NOT to start working with B&P & CG modules, as we are working on the changes in the module as per the new ITR released by the Dept. There are chances of loosing DATA in this 2 modules, hence this request.

Ver : 19.*.0.3

• ITR-1 physical Form as well as XML generation ready & released for uploading.
• Annexures 'Salary', 'House Property' & 'IFOS' changed as per the new structure released by Dept.
• Kindly recheck the 'Employer Category' in "SALARY" Annexure, as there are changes in the Options available.
• In 'IFOS' Annexure, the following items only will be considered for ITR-1 :
• Bank Interest (Savings : 80TTA)
• Bank Interest (Senior Citizen : 80TTB)
• Interest from Deposits (Bank/PO/Co-op Society)
• Interest from Income Tax Refund
• Other Interest
• Income from Family Pension
• Any ITEM other than the above will be considered 'Non Interest' Income and accordingly will be selecting an ITR other than ITR-1.

Important NOTES :

USERS are requested NOT to start working with B&P & CG modules, as we are working on the changes in the module as per the new ITR released by the Dept. There are chances of loosing DATA in this 2 modules, hence this request.

Ver : 19.*.0.2

• Compatibility version with 2018-19

Ver : 19.*.0.0

Important NOTES :

• 'Share Profit of Firms' (Sch-IF) : Columns for 'Salary, Bonus, Commission & Interest' are removed & the USER will now have to feed these columns in Anex : B&P under point # 24"
• Anex : B&P - 'Others' figure under point # 24 will be taken from the TOTAL of Items of tab page "Add : DCS" under B&P Anex.
• In Capital Gains "Exempt Income" option is removed from the s/w. User will have to select 'Long Term' for the entries. However Exempt Income upto 1 Lakh will be calculated by the s/w automatically.