Release Informations for Ay.2020-21

 

Ver : 20.*.5.2

 

Ver : 20.*.5.1

 

Ver : 20.*.5.0

 

Ver : 20.*.4.3

 

Ver : 20.*.4.2

 

Ver : 20.*.4.1

Audit

 

Ver : 20.*.4.0

eTDS

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

 

 

Ver : 20.*.3.4

 

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

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

 

Ver : 20.*.3.0

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

 

Ver : 20.*.2.2

 

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

 

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’ àCompuTax 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

eTDS

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

 

Ver : 20.*.0.10

 

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

 

Ver : 20.*.0.4

 

Ver : 20.*.0.3

eTDS

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

 

Ver : 20.*.0.2

 

Ver : 20.*.0.1

 

Ver : 20.*.0.0

Important NOTES :

 

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

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

3) 10(13A) : HRA received


Release Informations for Ay.2019-20

Ver : 19.*.11.0

 

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

 

Ver : 19.*.10.8

 

Ver : 19.*.10.7

eTDS

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

 

 

Ver : 19.*.10.6

eTDS

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

 

Ver : 19.*.10.5

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 6th 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 6th 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

 

 

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 :