QUESTIONS RELATED TO RETURN PREPARATION SOFTWARE

1. There is no page to find out the AO Code details.

Answer: Click on 'My Jurisdiction' Submenu under 'My Account' menu after logging in to obtain jurisdiction details.

2. Subsidiary Companies: There should be a separate provision for filling up data for overseas subsidiaries like overseas addresses etc. Currently, this page gives the option of selecting only Indian States and hence throws errors.

Answer:  This has been corrected in new version of the Excel utility and the State code 99 can be used.

3. Are details of tax payments as given in Schedules 19 to 23 required?

Answer:  Yes, the details such as Challan Identification Number ( BSR Code, Serial Number) etc required in Schedules 19 to 23, in case applicable, must be accurately and completely filled. If the details are incomplete or inaccurately credit for taxes may not be given and processing may get delayed.

4. In case of refunds, the information desired is MICR, bank a/c number and type. The assessee is not required to mention the name of the bank. However, this may be necessary to ensure that the refund is not credited to a wrong account due to quoting of incorrect MICR code.

Answer:  As per prevalent standard Banking practice. It is MICR code and the Bank er which uniquely determines the destination account. In case of wrong quoting of MICR code, the refund shall fail but would not be credited to the wrong account.

5. MS- Excel format should also be provided for the convenience of the assessees.

Answer:  For Form nos. 5 & 6, excel utility for preparation of return shall be provided.

6. Can all ITR forms be filed electronically? What are the forms which can be filed physically?.

Answer:  Yes.

7. Is it mandatory for all firms to file return electronically?.

Answer:  No. Only those Firms, who have to get their accounts audited under 44AB, are required to compulsorily file e- return.

8. What are the ways in which return forms can be filed electronically?

Answer: This procedure is explained in detail at the web site. Pl log on to https://incometaxindiaefiling.gov.in.

9. MS- Excel format should also be provided for the convenience of the assessees.

Answer: ITR- 4, ITR-5, ITR-6 and ITR-8 would be in excel format.

10. E-form does not save “date of birth” of the assessee due to which it cannot be uploaded at the e-filing portal.

Answer: No such error. Pl download the latest return preparation software from the e filing portal of the incometax department for error free and smooth filing.

11. E-form cannot be saved in PDF format.

Answer: No such issue. As mentioned on the web site the taxpayer has to download Adobe 8.1.0 or above . This is a free download and can be downloaded from the various links provided on the home page of income tax portal.

12. Unlike the e-form 1 (for companies) for the A.Y. 2006-07, there is no option to load the e-forms from XML file.

Answer: The functionality to file e- return for A.Y.. 2009-10 has been provided on the e-filing portal of the income tax department. Pl visit https://incometaxindiaefiling.gov.in in this regard.

13. I have selected bank account type saving but when I am uploading it says as below: ‘Error: Please correct the following errors and upload the XML again [FATAL_ERROR]: Invalid text ‘1’ in element” ‘Bank Account Type’.

Answer: No such error. Pl download the latest software from the departmental website and work there from.

14. In Part B TTI schedule,Item No.5 education cess on 3 + 4 is showing total of 3+4,Item No.6 gross tax liability 3+4+5 is showing 0 – ITR – 4.Since Gross tax liability is 0, refund is the same amount which is paid in TI–ITR 4.

Answer: No such error. Pl download the latest software from the departmental website and work there from.

15. In schedule OS of ITR-4 there seems to be an error in Item No.5 as 1g+2+3+4c = double of OS income because 3 = 1g+2.

Answer: No such error in software. Such printing errors do not exist in softer version and in return preparation software.

16. In schedule TI While entering figures in name of branch and BSR code ,it shows a error massage “Invalid Date”. – ITR – 4.

Answer: No such error. Pl download the latest software from the departmental website and work there from.

17. 'Date of birth’ error is reported in Part A General even though it is correctly filled in.

Answer: No such error. Pl download the latest software from the departmental website and work there from.