Release Informations for Ay.2021-22
Ver : 21.*.0.2
- Tuned
up for MIGRATION of DATA to Ay.2021-22.
Ver : 21.*.0.0
Important NOTES :
- ‘New Tax Regime’ option is given under ‘Masters’ ->
‘Clients’ -> ‘Return’ tab page.
- While migrating DATA, now
‘File #’ is pulled up in ‘Partners / Beneficiary Details’ module, if already
FED in.
- Excel file template given to Import Motor Vehicle
details in Sch.AL1.
- All other new Slabs & percentages of Ay 2021-22.
Release Informations for Ay.2020-21
Ver : 20.*.9.2
eTDS
·
Updated module with FVU version 7.1 as per Dept’s
changes.
Ver : 20.*.9.0
- Tuned
up for MIGRATION of DATA to Ay.2021-22.
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 1st 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 1st 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 31st July
OR 30th 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.