Release Informations for Ay.2021-22

Ver : 21.*.4.11

• ITRs : Fine tuning & more validations.
• Form 3CA-3CD and 3CB-3CD : SCHEMA changed as per Dept’s new version.

Note

In ITR-5, the error "Schedule DPM, value at Srl.No 20 is not equal to '5+8-4-7-19" is coming from Dept’s side, which we brought to their notice and today we got the reply saying that the error is resolved. Users are requested to kindly generate the JSON & try uploading it again.

Ver : 21.*.4.10

• Installation Error of Ver 21.*.4.7 at some places, fixed.

Ver : 21.*.4.7

• Form 3CA-3CD and 3CB-3CD Json File generation : Fine tuning for Uploading Error in some cases.

Ver : 21.*.4.5

• Form 3CA-3CD and 3CB-3CD Json File generation : More changes to get attached for uploading.

Ver : 21.*.4.4

• ITR-6 : Sch-SH1 : Error Fixed.
• Form 3CA-3CD and 3CB-3CD Json File generation : Changed as per Dept. S/w structure.

Note

As per the Schema of Form 3CA-3CD and 3CB-3CD, 2 elements ‘metadata’ and ‘data’ is missing. However in Dept’s utility JSON generation, the elements ‘metadata’ and ‘data’ is printed, hence we are also printing these 2 elements in our s/w now. Since the SCHEMA does not mention these 2 elements, while generating the JSON for 3CA & 3CB our s/w gives 2 ERRORS ie. ‘Path : metadata’ and ‘Path : data’. The USERS are kindly requested to ignore these 2 errors and proceed with the generation so that UPLOADING will happen smoothly.

Ver : 21.*.4.3

• Sch-CG : ‘Country Code’ introduced in Property Details as per Dept’s Schema.
• New option under 'Annexures' -> 'Miscellaneous [Others]' --> 'Foreign Assets/Miscellaneous/S of I Notes' --> 'Miscellaneous' tab page 3rd last item :

'Part-B TI : Aggregate Income (TI - Spcl.Rate Txbl.Incm + NAI) For ITR-2,3,5,7 :: Make ZERO ?? [1 = Yes]'

Note

In Part-B TI of ITR, the Item ‘Aggregate income (Total Income - Income chargeable to tax at special rates + Net agricultural income)’, calculated by the Dept varies at times. Sometimes the actual figure arrived at is printed, whereas sometimes it is printed as ZERO, the logic of the calculation by the Dept. cannot be figured out. Hence now we are printing the actual worked out figure as 'Aggregate Income' by default. If at all while uploading, the ERROR 'Aggregate Income of Sch.B-TI is not equal to ...' pops up, kindly go to this option and type '1' so that the item 'Aggregate Income' will be printed as ZERO while generating the JSON and you may then again try uploading it.

Ver : 21.*.4.2

• Form 3CA-3CD and 3CB-3CD Json File generation ready for Uploading.
• LTCG : Sch.112A Uploading Error in some cases, fixed.
• Sch.MATC : Wrong figure in some cases, fixed.

Ver : 21.*.4.1

eTDS

• 26Q : Error while generating .TXT in some cases, fixed.

Ver : 21.*.4.0

• ITR-6 Json File generation ready for Uploading.
• Sch CG : Error in LTCG while uploading JSON in some cases, fixed.

Ver : 21.*.3.4

• Sch.IFOS : Feeding Quarter wise Totals in case of DTAA Dividend Income, incorporated.
• More Data Entry Validations.

Ver : 21.*.3.3

• Option for Manual feeding of SURCHARGE à Annexures -> Tax Paid [Tds/AT..] à ‘Manual Entries’ tab page.

eTDS

· Updated module with FVU version 7.3 as per Dept’s changes.

Ver : 21.*.3.2

• Part B-TI : Srl No.17 error in some cases while Uploading, fixed.

(Users are kindly requested to generate ‘Statement of Income’ before generating and uploading the JSON file to resolve this issue)

eTDS

· Updated module with FVU version 7.2 as per Dept’s changes.

Ver : 21.*.3.1

• Surcharge Calculation in case of OS:Dividend Income for GTI > 2 Crores, restricted to 15%.

Ver : 21.*.3.0

• ITR-5 and 7 Json File generation ready for Uploading.
• 234A Interest calculation changed as per New Due Date.

Ver : 21.*.2.5

• Part B-TI : Srl No.17 error in some cases while Uploading, fixed.

Ver : 21.*.2.4

• NEW TAX Regime u/s 115BAD for Co-op Society & Co-op Bank, implemented
• Tried to fix ‘NULL Error’ while uploading ITR-2 & 3 in some cases.

Ver : 21.*.2.3

• ITR-3, Error in Sch.AMT for New Tax regime while uploading, fixed.
• Sch BP : ITR 3: Error while generating JSON in some cases, fixed.
• Sch CG : ITR 3: Error while generating JSON in some cases, fixed.

Ver : 21.*.2.1

• Sch.80D error in some cases while Uploading, fixed.
• Part B-TI : Srl No.17 error in some cases while Uploading, fixed.

Ver : 21.*.2.0

• ITR-3 Json File generation ready for Uploading.

Ver : 21.*.1.7

• Sch.SI – Uploading Error in Sch.SI when ST Loss get adjusted with LT Gain, fixed.

Ver : 21.*.1.6

• Sch.SI – Earlier LTCG 10% was Not printed in Sch.SI if the Gain was < 1 Lakh, now it’s printed in the Schedule as done by the Dept.

Ver : 21.*.1.5

• CG : Now onwards ‘SALE VALUE’ Column will be Rounded off at the time of Data Entry itself, as Decimals are NOT allowed in JSON.
• LTCG errors of Sch.112A in certain cases, fixed.

Ver : 21.*.1.4

• LTCG : Section 54 Error while generating JSON file, fixed.

Ver : 21.*.1.3

• ‘Caught Error Description as null’, fixed
• ‘Form10IE’ Error while generating JSON file, fixed.
• Sch.112A errors in some cases while Uploading, fixed.

Ver : 21.*.1.2

• ITR-2, Error "In Sch.112A Column 6”, fixed

Ver : 21.*.1.1

• ITR-2, Error "In Sch.OS value at Srl.1a should be equal to 1ai+1aii", fixed

Ver : 21.*.1.0

• ITR-1,2 and 4 Json File generation ready for Uploading.

Ver : 21.*.0.7

• ITR-1,2 and 4 Json File generation for checking / Testing. (NOT for Uploading)

Note :

ITR-1,2 and 4 Json file is now ready for checking / Testing purpose. Right now this File cannot be uploaded for the reason that the Department has NOT yet issued the unique ‘DigestKey’ for any Third party software developers which all software developers are supposed to insert in the json file. Since the NEW IT portal is under development, we are expecting the key any time and will be updated once the KEY is provided to us.

Ver : 21.*.0.6

• Comparison of OLD & NEW TAX Regime in Statement of Income for Individuals & HUF.

Ver : 21.*.0.5

• More validations while generating S of Income.

eTDS

• TDS Rates updated.

Ver : 21.*.0.4

• ITR-4 Physical Form (Document) Released.

Ver : 21.*.0.3

• ITR-1 Physical Form (Document) Released.

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.*.9.5

eTDS

· 24Q Q4 : Error while generating FVU in some cases, fixed.

Ver : 20.*.9.4

• ITR3 : XML Generation error for Notice u/s 139 (9), fixed.

Ver : 20.*.9.3

• Schedule SI : LTCG @ 10% Debenture issue Fixed.

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 1^st 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 1^st 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 31^st July OR 30^th 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.