Tuesday, April 8, 2014

Income Tax :- Income Tax Return Utility for Assessment Year 2014-15

Friends  
                Income Tax Department has released following Income Tax Return Utility for assessment year 2014-15.  These income tax utilities are java based.  

              To know how to install/configure and run java, please Click Here 
              
How to use this ITR Form? 
These ITR Forms are developed using the latest in JAVA technology and effort has been made to  make it user friendly, simpler and faster preparation of tax returns. This utility can be run on operating  systems like Windows 7.0 or above and latest Linux, where Java Runtime Environment Version 7  Update 6 (jre 1.7 is also known as jre version 7) or above is installed. 
Note: 
i.Please make sure you have the latest version of the utility before you start filling the information into  the utility. 
ii. Please make sure you're connected to the internet for submission of the ITR Form. 
The following are features available in the ITR Form. 

1. New - On click of this button, a new copy of the ITR form will be available. If you have already  opened the ITR form, you will be prompted to save the earlier copy. 

2. Open -This option is for importing the XML (successfully generated earlier) of a particular A.Y.  Select the path and import the XML. You should check/validate the contents before finalizing  upload/submission. 

3. Save - You can save your completed XML in the desired path/location of your desktop. 

4. Save Draft - This option can be used to save your XML. Please note you cannot upload an  XML which was saved using the ‘Save draft’ option. Only a complete XML generated using  the ‘Save’ option can be uploaded successfully. 

5. Prefill -This option can be used to auto-fill your Personal, Address and Tax details. You will be  prompted to provide your User ID, Password and DOB/DOI to fetch the data. It is advisable to  complete this activity before you start entering other data. Please check/validate the contents.  Please make sure you're connected to the internet to avail this feature. 

6. Re-Calculate - On clicking this button, the data in the utility will be re-calculated. This is to  provide with the utility based calculation/validation. 

7. Submit -Click this button to upload the XML in e-Filing portal. You'll be prompted to provide  your e-Filing credentials, User ID, Password and DOB/DOI. Post submission, the success  message and the acknowledgment number will be displayed. You will be able to download  ITR-V. Please make sure you're connected to the internet to avail this feature. (if the return is  submitted without a DSC) as well. 

8. Help - This option will let you know the shortkeys, instructions, settings and how to use this 
ITR form. 

9. Previous/Next- These will help you to navigate to the various tabs of the ITR form. 
 Shortcut keys 
1 Alt + N Opens a new ITR 
2 Alt + S Saves the ITR in the user desired path 
3 Alt + F4 Closes the utility 
4 Alt + I Imports the XML file 
5 Alt + F Pre-fills the ITR 
6 Alt + C Clears the validation errors 
7 Alt + D Hides/Shows the validation window 
8 Alt + G Opens the SUBMIT screen to submit the ITR 
9 Alt + R Re-calculates the tax details as per the Utility 
Settings 
Following are the recommended settings to use the ITR Utility : 
Software: 
Java Run time Environment Version 7 Update 6 (jre 1.7 is also known as jre version 7) or above 
Any Zip Software to unzip the utility 
Internet Connection: 
Minimum bandwidth of 256 kbps and above 

Checklist of documents and pre-requisites
1. A copy of last year's tax return.
2. Bank Statement
3. TDS certificates
4. Savings certificates/deductions. 
5. Interest statement showing interest paid t you throughout the year.
6. Balance Sheet, P&L Account statements and other Audited reports wherever applicable . 

Downloads
1.  Download Java Based  ITR-1 Sahaj   for Individuals having income from Salary & Interest
               or  Excel Based
2.  Download Java Based  ITR-2  for Individuals and HUFs not having income from Business or Profession
               or  Excel Based 
3.  Download Java Based  ITR-3 for Individuals/HUFs being partners in firms and not carrying out
                                          business or profession under any proprietorship.

4.  Download Java Based  ITR-4 for Individuals & HUFs having income from a proprietory business
                                         or profession.
5.  Download Java Based  ITR-4S Sugam for Individuals/HUF having income from presumptive business.
               or  Excel Based 
6.  Download Java Based  ITR-5 for Firms, AOPs, BOIs and LLP
7.  Download Java Based  ITR-6 for Companies other than companies claiming exemption under section 11.
8.  Download Java Based  ITR-7 for persons inluding companies required to furnish return under
                                         section 139(4A) ore section 139(4B) or section 139(4C) or section 139(4D)


Intense Debate Comments