Release Informations for Ay.2019-20

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

 

 

Ver : 19.*.2.0

 

 

Ver : 19.*.1.3

 

 

Ver : 19.*.1.2

 

 

Ver : 19.*.1.1

 

 

Ver : 19.*.1.0

 

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 2nd 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

 

 

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

 

 

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

 

Ver : 19.*.0.0

Important NOTES :