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CompuTax is a software used for income tax returns. It is one of the most efficient software used for dealing with taxation filing.it is used for various purposes like charging TDS, preparing and filing income tax returns, ROC, Service tax and financial XBRL. It is also used for making profit and loss accounts, revised balance sheet as per the latest schedule, tax and statutory audit and many more using the software. It is an excellent suite for people working in the field of taxation such as Chartered Accountant, Tax practitioner, Tax advocate, or even a typical accountant. Moreover, CompuTax software pricing makes it a great value for money tool.
The CompuTax software is capable of managing Tax filings in the most natural way by minimising the pressure of creating extra documentation by generating import data, Form-16s, calculated tax and interests. CompuTax makes the transfer of files an easy business. Along with performing these functions, it takes extensive care of deductions, ceiling, setting off the carry forward losses and many more. It makes the preparation of income tax, wealth tax and e-returns an easy task. It also enables the users to e-fill all the returns in just a few clicks.
It is an advanced software which is proficient at picking automatically any letter received from the prospective email account. Hence, the user does not need to put up a password every time they need to log into the device. You do not need to memorise a lot of passwords at a time, and it can save a lot of time. The working structure of the software is in such a way that the master data gets transferred to the upcoming assessment year automatically. It can import the data from the balance sheet, profit and loss accounts, TDS entries, 26AS and return from CompuBal and permanent information from the XML file. It manages the filing in the following ways:
Income tax filing is like reporting gross taxable income from all the different sources, claiming deductions, and finally declaring net tax liability to the authority. The process of filing return used to be very tiring, but with the advent of CompuTax, it has become easier to manage the tax filing. The method of filing return online is called e-filing. The customer also needs to keep in mind the due date of filing returns. For individuals, Body of Individuals, Hindu Undivided Family, Association of persons the due date is 31st July. Whereas for Businesses requiring TP and Audit report, it is 30h November and 30th September respectively. However, the time might fluctuate by the tax authorities. The idea of computing income tax returns is so advanced in nature.
Manage Income Tax Filing in Most Easy WayRead time: 3 minutes