Friends
Thought I would start a new thread abount problems faced while e filing where everybody can share their experiences .
Right now I will jot down a few problem areas which I have been facing
1) TDS deducted - when we enter from the TDS certificates issued to the company - we have to key in the details of Area Code / AO Number / Range/ Assessing Officer Type - many of the the TDS issued do not contain these details- we tried to upload to the I Tax server to no avail- we got a error message - Then we had to to do a TAN search using the TAN number given on the certificates and find out the details -
Seems to be an uneccesary hassle - This data should have been made optional
2) Do not use any abbreviation -Do not key in ABC & Co - instead key in ABC And Company- You would get error message otherwise.
3) Right a peculiar problem we are facing is how to disclose figs of Work in Progress in the case of Software companies where there are some unfinished projects- The data relating to B Sheet & P & L talks only about Raw Material and Finished Goods- nothing about WIP and its method of valuation - Means maybe we should not show classify WIP as Inventory and thereby make some suitable adjustment to the relevant heads of expenditure in the P & L A/c- Any Ideas ?
4) No column should be left blank - including PAN and PIN numbers / State etc
Wherever anything is NIL fill in 0 otherwise you get error message.
5) What happens if you upload and then discover there that some data has been left out - Should we refile ? Is there a procedure of Revised return- in which case how does one give reasons for revised return. Or should we simply correct the data in the paper form which you need to file after e filing ( if you havent used a Digital Signature) along with a letter to the assessing officer explaining the matter . ? Any ideas?
Please share your problems and how you got around them so that this thread becomes useful- There doesnt seem to be any similar threads around.
Regards
Sudatto
3 Replies
Mohit Jain
(CHARTERED ACCOUNTANT)
(86 Points)
Replied 10 May 2007
AS REGARD YOUR PROBLEM NO.1 IS CONCERNED, YOU CAN HAVE GET ACCESS TO ALL THE DETAILS IN THE WEBSITE : WWW.TIN-NSDL.COM
Sudatto
(25 Points)
Replied 10 May 2007
Thanx
Will check it out.
In the meantime I read on the internet that this data about the TDS is optional - Then how come the Itax server still returns error messages.
Regards
Sudatto
Will check it out.
In the meantime I read on the internet that this data about the TDS is optional - Then how come the Itax server still returns error messages.
Regards
Sudatto
Bala
(CA Practice )
(63 Points)
Replied 10 May 2007
You cannot correct the paper return to be filed with the dept. Paper return be the same as that have been filed electronically. If you make any corrections your return will not be accept
[quote=Sudatto (Guest)]Friends
Thought I would start a new thread abount problems faced while e filing where everybody can share their experiences .
Right now I will jot down a few problem areas which I have been facing
1) TDS deducted - when we enter from the TDS certificates issued to the company - we have to key in the details of Area Code / AO Number / Range/ Assessing Officer Type - many of the the TDS issued do not contain these details- we tried to upload to the I Tax server to no avail- we got a error message - Then we had to to do a TAN search using the TAN number given on the certificates and find out the details -
Seems to be an uneccesary hassle - This data should have been made optional
2) Do not use any abbreviation -Do not key in ABC & Co - instead key in ABC And Company- You would get error message otherwise.
3) Right a peculiar problem we are facing is how to disclose figs of Work in Progress in the case of Software companies where there are some unfinished projects- The data relating to B Sheet & P & L talks only about Raw Material and Finished Goods- nothing about WIP and its method of valuation - Means maybe we should not show classify WIP as Inventory and thereby make some suitable adjustment to the relevant heads of expenditure in the P & L A/c- Any Ideas ?
4) No column should be left blank - including PAN and PIN numbers / State etc
Wherever anything is NIL fill in 0 otherwise you get error message.
5) What happens if you upload and then discover there that some data has been left out - Should we refile ? Is there a procedure of Revised return- in which case how does one give reasons for revised return. Or should we simply correct the data in the paper form which you need to file after e filing ( if you havent used a Digital Signature) along with a letter to the assessing officer explaining the matter . ? Any ideas?
Please share your problems and how you got around them so that this thread becomes useful- There doesnt seem to be any similar threads around.
Regards
Sudatto
[/quote]
[quote=Sudatto (Guest)]Friends
Thought I would start a new thread abount problems faced while e filing where everybody can share their experiences .
Right now I will jot down a few problem areas which I have been facing
1) TDS deducted - when we enter from the TDS certificates issued to the company - we have to key in the details of Area Code / AO Number / Range/ Assessing Officer Type - many of the the TDS issued do not contain these details- we tried to upload to the I Tax server to no avail- we got a error message - Then we had to to do a TAN search using the TAN number given on the certificates and find out the details -
Seems to be an uneccesary hassle - This data should have been made optional
2) Do not use any abbreviation -Do not key in ABC & Co - instead key in ABC And Company- You would get error message otherwise.
3) Right a peculiar problem we are facing is how to disclose figs of Work in Progress in the case of Software companies where there are some unfinished projects- The data relating to B Sheet & P & L talks only about Raw Material and Finished Goods- nothing about WIP and its method of valuation - Means maybe we should not show classify WIP as Inventory and thereby make some suitable adjustment to the relevant heads of expenditure in the P & L A/c- Any Ideas ?
4) No column should be left blank - including PAN and PIN numbers / State etc
Wherever anything is NIL fill in 0 otherwise you get error message.
5) What happens if you upload and then discover there that some data has been left out - Should we refile ? Is there a procedure of Revised return- in which case how does one give reasons for revised return. Or should we simply correct the data in the paper form which you need to file after e filing ( if you havent used a Digital Signature) along with a letter to the assessing officer explaining the matter . ? Any ideas?
Please share your problems and how you got around them so that this thread becomes useful- There doesnt seem to be any similar threads around.
Regards
Sudatto
[/quote]
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