Release Informations for Ay.2019-20

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 :