Income Tax

Enhancements:

• ITR 5 and 6 e-return (XML) is included for A. Y. 2010-11.
• Import from E-return file (XML) is enabled for ITR 1 (Saral II) to ITR 4.
• In Assessee details – ITR Selection is enhanced with “Other sources – casual income”, if casual income is opted then ITR selected is ITR 2 (as user cannot file casual income details in ITR 1 (Saral II)).
• In Assessee details – Father’s Name is captured (applicable for Individual and HUF assessee)
• For ITR 1 to 4 in Verification screen – Name, father’s name, signature place and PAN are ported from assessee details and it gets locked. User is provided with an option to edit the details. AO Code is removed from verification screen as it’s available in Assessee details
• In Other Sources – ‘Interest Others’ screen “Add to list” option is provided similar to ‘More recurring income’.
• Assessee search on the basis of PAN and acknowledgment no. (Provided in MIS Details) is incorporated.
• ITR Instructions provided for A.Y.2010-11.
• In ITR 1 to 4 Paper return - Part B TTI 1c (Tax payable on aggregate income) and 1d (Rebate in respect of Net agriculture income) is removed. Value of 1a = 1a – 1d and value of 2 will be (1a – 1d) + 1b
• Clear ITR Details is enabled for 2010-11

Audit Report

Enhancements:

• Audit Firm Registration Number is added in signature part as per ICAI guidelines.

Details of Version 5.06 is available here >>