The software can take the backup of all the information and received from the Code of Civil Procedure from the registered email account. The users can file their return online without the extra hassle of visiting the official website. It uploads the Rectifications online under Section 154. It calculates returns on income tax and wealth tax, including e-return. Calculates the tax deductions and thereon by keeping in mind various deductions, ceilings and set off carry forwarding all the losses occurred. It imports the data like balance sheet and profit and loss from the software. It also consists of a program called CompuBal. CompuTax imports TDS entry from CompuTDS. It has a program called CompuTDS which calculates TDS on the given data. It manages the filing in the following ways: It can import the data from the balance sheet, profit and loss accounts, TDS entries, 26AS and return from CompuBal and permanent information from the XML file. The working structure of the software is in such a way that the master data gets transferred to the upcoming assessment year automatically. You do not need to memorise a lot of passwords at a time, and it can save a lot of time. Hence, the user does not need to put up a password every time they need to log into the device. It is an advanced software which is proficient at picking automatically any letter received from the prospective email account. It also enables the users to e-fill all the returns in just a few clicks. It makes the preparation of income tax, wealth tax and e-returns an easy task. Along with performing these functions, it takes extensive care of deductions, ceiling, setting off the carry forward losses and many more. CompuTax makes the transfer of files an easy business. The CompuTax software is capable of managing Tax filings in the most natural way by minimising the pressure of creating extra documentation by generating import data, Form-16s, calculated tax and interests. Moreover, CompuTax software pricing makes it a great value for money tool. It is an excellent suite for people working in the field of taxation such as Chartered Accountant, Tax practitioner, Tax advocate, or even a typical accountant. It is also used for making profit and loss accounts, revised balance sheet as per the latest schedule, tax and statutory audit and many more using the software.
It is one of the most efficient software used for dealing with taxation is used for various purposes like charging TDS, preparing and filing income tax returns, ROC, Service tax and financial XBRL. Posted by Marcela De Vino On February 1st, 2019 Website ConversionĬompuTax is a software used for income tax returns.