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How to file and submit an Income Tax Return

Here below we are described, you'll need to have the following items at hand for filing your Income Tax Return. This might vary on a case by case basis.

  • PAN number
  • Form-16 issued by your employer
  • Bank statements / passbook for Interest Income on bank deposits.
  • Statements of Interest Income besides Bank deposits
  • TDS certificates issued to you by your bank and others
  • Form 26AS - The Income Tax department of the Indian government shows you the tax credit you have received for Tax deducted at source. This typically should match all your TDS certificates. Link to Indian Government site to view Form 26AS
  • Section 80C investment statements. Investments done under LIC, NSC, PPF qualify for Section 80C deductions.
  • Charitable donation statements. Donations that can be claimed for tax deductions under Section 80G. Typically the receipt issued by the institute you donate to mentions the eligibility under Section 80G.
  • Interest paid on housing loan. Interest on housing loan is eligible for tax saving upto Rs 1,50,000. This is for a self-occupied house.

The following documents may also be needed for income tax return filing

  • Stock trading statement. The stock trades that were made during the year may be taxed under Capital Gain.
  • Section80CCF investments. Upto Rs. 20,000 can be claimed as tax deduction under this section 
  • Education loan interest payments.


Guide to printing and sending ITR-V to CPC - Bangalore
It's short guideline will also be useful for perfectly print your ITR-V and after that How and where submit it :
  • After receiving your ITR-V (acknowledgement), you have to send it to CPC, Bangalore within 120 days of e-filing your Income Tax return.
  • ITR-V is a one page document, which you need to sign in BLUE INK and send via ordinary post or speed post. You cannot courier the ITR-V. 
  • You do NOT need to send any supporting documents along with the ITR-V. Just the one page signed ITR-V. 
  • We strongly recommend that you send your ITR-V at the earliest for your tax refund processing. Don't forget, ok?
Address of CPC - Bangalore : 
Post Bag No.1,
Electronic City Post Office,
Bengaluru, Karnataka-560100

Detailed instructions provided by Income Tax Department
  1. Please use Ink Jet /Laser printer to print the ITR-V Form.
  2. Avoid printing on Dot Matrix printer.
  3. The ITR-V Form should be printed only in black ink.
  4. Do not use any other ink option to print ITR V.
  5. Ensure that print out is clear and not light print/faded copy.
  6. Please do not print any water marks on ITR-V. The only permissible watermark is that of "Income tax Department" which is printed automatically on each ITR-V.
  7. The document that is mailed to CPC should be signed in original in BLUE INK.
  8. Photocopy of signatures will not be accepted.
  9. The signatures or any handwritten text should not be written on Bar code.
  10. Bar code and numbers below barcode should be clearly visible.
  11. Only A4 size white paper should be used.
  12. Avoid typing anything at the back of the paper.
  13. Perforated paper or any other size paper should be avoided.
  14. Do not use stapler on ITR V acknowledgement.
  15. In case you are submitting original and revised returns, do not print them back to back. Use two separate papers for printing ITR-Vs separately.
  16. More than one ITR-V can be sent in the same envelope.
  17. Please do not submit any annexures, covering letter, pre stamped envelopes etc. along with ITR-V.
  18. The ITR-V form is required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post or speedpost.
  19. ITR-Vs that do not conform to the above specifications may get rejected or acknowledgement of receipt may get delayed.
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Learn Tally and Earn Money

You can learn tally in three different ways. 
  • First : you learn tally from a private teacher who knows tally, 
  • Second : at your own home through books and helping material from net or any other source and 
  • Third : from an institute who is capable of teaching you tally.

Difference between above ways : 
  • In the first way the price can be the charge you pay plus damage done to you due to lack of knowledge of your tutor. 
  • In second case the price can be less in terms of money but can be more in terms of time spent in learning it at your own. 
  • In third case price can be the institute fee you have paid and extent of knowledge you have gained or time saved in learning.

The best way too learn is to learn it from some competent institute, preferably from Tally Academy as the price paid , the extent of knowledge you get and time you spend has perfect balance.

The second option is not bad if you are ready to pay the price in terms of your time. Yes, you can learn tally from home. For that you have to become a keen learner. Lets see how you can learn tally from home.

Arrange for study material :
Before learning Tally first arrange all study material. The best books can be TFAP books which can be bought from any TallyAcademy. They are best because they are about the latest versions and have full features explained with practical examples.There are good amount of exercises are also in it. Except it there are certain other books available in the market specially on Tally.

Arrange for Software :
First of all we have to which software version you want to learn. At this point of time version 7.2 is most appropriate. The books too covers this version. So arrange Tally 7.2 educational version with latest release and with stat files and Help file. The stat files are necessary as these would be necessary for statutory reports like VAT, service tax etc. It may happen that while learning it from books you stuck some where. Or this is also very much possible that what ever you are looking on books is not coming in actual tally. At this point just press help and context sensitive help would come. Study the concept and syntax from there and proceed.

One more difficulty you would face is that as you are using educational version then you would not be able to enter the transactions on actual dates as educational software would only take 1, 2 and 31 of each month. In this situation you have to enter the dates of your vouchers only in 1,2 and 31 date. Believe me you would be able to see all effects except the few like interest calculation, forex gain etc where you would find some difference but it would do.
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Topics Covered in Tally ERP 9.0


1. Company Info Menu

  • Select company
  • Shut company
  • Create company
  • Alter company
  • Security control
  • Change tally vault
  • Split company data
  • Back up
  • Restore
  • Tally audit features

2. Country specific configuration

  • Country details
  • Style of dates
  • Configuration of numbers
  • Other options

3.   Loading A Company

  • Select  company
  • Company name
  • Financial  year

4.  F -12 Configuration

  • General
  • Numeric symbols
  • Accts/inventory info.
  • Voucher  entry
  • Invoice / orders entry
  • Payroll  configuration
  • Printing
  • E- mailing
  • Data configuration
  • Advanced configuration
  • Licensing

5.  F-11 Features

  • Accounting  features
  • Inventory  features
  • Statutory & taxation

6.  Accounts Information

  • Accounting configurations & features (f 11 & f 12) 
  • Functions in accounts info. Menu
  • Groups
  • Ledgers
  • Voucher types

7.  Inventory Information

  • Inventory configurations & features
  • Inventory info. Menu
  • Stock groups
  • Stock categories
  •  Stock items
  •  Units of measurement
  •  Bills of materials
  •  Locations / godowns
  •  Batches & expiry dates
  •  Inventory voucher types

8.  Voucher Entry

  • Accounting  vouchers ( contra voucher, payment voucher, receipt voucher, journal voucher, sales voucher/ invoice, purchase voucher / invoice, debit note voucher, credit note voucher)
  • Inventory vouchers (purchase order, sales order, receipt note, delivery note, and rejections out, rejections in, stock journal, manufacturing journal, and physical stock voucher)
  • Optional & non- accounting vouchers (memorandum vouchers, optional vouchers, reversing journals, post- dated vouchers, using optional vouchers in scenario management)
  • Order processing (sales order, purchase order)
  • Advanced voucher entry (voucher entry using additional cost of purchase, voucher entry using inventory allocations, voucher entry using tracking numbers, voucher entry using zero valued entries, voucher entry using different actual and billed quantity, voucher entry using batch wise details, voucher entry using mfg. & expiry Dates, voucher entry using cost categories & cost centre, voucher entry using cost centre class, voucher entry using multi- currency)

9.  Advanced Accounting Features

  • Cost categories & cost centres
  • Budgets
  • Interest calculations
  • Cheque printing
  • Credit limits
  • Scenario management 
  • Reorder levels & reorder quantity
  • Price- levels & price- lists

10.   Quick Setup

  • 1 Tally.net
  • 2Excise for manufacturers
  • Excise for dealer
  • Value-Added Tax
  • Tax deducted at source
  • Tax collected at source

11.  Taxation
                
Excise for Dealer

  • Excise for dealer- Flowchart on excise dealer
  • Duties and method of calculation, filing excise return, enabling excise, creating masters,
  • Creating dealer opening stock, excise voucher entries/
  • Excise-Reports- Excise stock register, excise purchase bill register, sales & purchase extract, customs clearance register, form RG23D, Quarterly- Return- Form-2)
  • Excise for Manufacturer -scope and applicability
  • Manufacturer, excisable-goods, types of excise duties, valuation methods, CENVAT Credit.
  • Excise-Registration of factory/warehouse, Excise Control Code (ECC) Number, Central Excise Invoice System
  • Types of duties and methods of calculation, Time and mode of payment of duty, Returns and Timelines, Excise process, enabling excise

 Excise Reports

  • Excise-computation, daily stock register,PLA Register, FORM ER1,CENVATRegisters (Credit summary, Credit Availed,RG23 Part-I,RG23 Part-II, Annexure 10, Abstract).

Service - Tax-

  • Scope and applicability, Registration, Service-tax assessee code, valuation of taxable service, charge of service tax, exemption from service-tax, Abatement, Pure Agent, Money equivalent, Adjusting credit, Time & Mode payment.
  • Returns & Timelines, Enabling service tax, creating masters (service purchase ledger, service sales ledger, Service provider (supplier) ledger, Service receiver (customer) ledger, Tax-ledger, service-tax voucher entry (Service tax opening bills, sale/purchase order for services, purchase of services.

  • Payments (full) to service provider, Receipts (full) from service receiver, purchase of services and partial payment , purchase of service-inclusive of service-tax, service input credit adjustment,CENVAT credit adjustment, payment of service-tax, payment of interest & penalties.

12  Service - Tax Reports

  • Service-tax Payables (Bill date-wise, Receipt-date-wise, Tax on service-received, Import of services) Input Credit Summary
  • ST3 Report

13.  Tax Deducted at source (TDS) & TCS

  • TDS Process
  • Issue of TDS Certificate
  • Filing of E-TDS Return
  • Enabling TDS
  • TDS Nature of payment
  • Deductee types
  • Creating TDS Masters (Expense ledger, Party Ledger, Tax ledger)
  • TDS Voucher Entries/Transactions
  • TDS on expenses (Journal Voucher)
  • Expenses partly subject to TDS (Journal voucher)
  • Accounting multiple expenses and deducting TDS later
  • TDS on advance payments
  • Adjusting advances against the bill
  • TDS on expenses @ lower rate
  • TDS on expenses @ zero rate
  • Changes in TDS Percentage
  • TDS on sales commission
  •  TDS on interest payments
  • Payment of TDS using TDS Helper

14  TDS Reports

  • Computation
  • TDS Challan Reconciliation
  • Print Form 16A
  • Form 26Q
  • Annexure to 26Q
  • Form 27Q
  • Annexure to 27Q
  • Form 26
  • Annexure to 26
  • Form 27
  • Annexure to 27
  • E-Return
  • E-TDS, Print form 27A
  • Outstandings (TDS Payables, ledger, Nature of payment, TDS not deducted)  
  • Exception Reports (PAN Not Available, Unknown Deductee Types)

15  Value Added Tax (VAT)

  • Enabling Regular VAT
  • Creating masters for regular VAT
  • Purchase ledger, Input VAT ledger
  • Sales ledger, Output VAT ledger
  • Additional ledgers, TAX Invoice
  • VAT Adjustment Class Journal
  • Purchase Invoice, Taxable sales Invoice
  • Consignment /Branch Transfer Outward
  • Debit Note, Credit Note, Journal Voucher
  • VAT Adjustment against tax payable
  • VAT Payment Voucher, VAT Reports & Computation

16   CENTRAL SALES TAX (CST)

  • Registration and rate of CST
  • Declaration Forms, Filing of CST Returns
  • Enabling CST, Creating masters
  • Inter-state purchase & sales ledger
  • CST Ledgers, Creating Vouchers
  • Inter-state purchase Invoice & Sales Invoice
  • Transit sales, CST Payment

Central Sales Tax Reports (CST)

  • CST Computation & Return Form
  • Forms Receivable, Forms Issuable
  • Auto-fill option for CST
  • Viewing all vouchers, Reminders & Covering letters

17   Payroll Features of Tally

  • Enabling payroll in tally   
  • Five easy steps to generate a pay slip   
  • Creating Payroll Masters (Payroll Info)
  • Payroll Voucher Entry/Transactions)
  • Statements of payroll(Pay slip, pay sheet, payroll statement, payment advice, payroll register, Employee pay head-breakup, pay head employee breakup)
  • Attendance-Reports (Attendance sheet, Attendance-Register)
  • Expat-Reports (Passport expiry, Visa expiry, Contract expiry) 
  • Payroll Statutory Reports 
  • Payroll Statutory Computation
  • Employee’s Provident Fund (EPF) Reports
  • Employee’s State-Insurance (ESI) Reports 
  • Professional Tax Report, Gratuity Report
  • Tracking Loans & Advances
  • Salary Increments & Arrears Calculation

18  Data Management & Administration

  • Backup & Restore
  • Split a Company, Export & Import of Data
  • E-Capabilities (E-mail a Report from Tally.ERP9)
  • Uploading the reports generated from Tally.ERP9
  • Tally ODBC), Inward Connectivity
  • Security controls 
  • Tally Audit Feature
  • Tally Vault

19  Reports

  • Display financial statements  (Display balance-sheet, configuring the balance-sheet, integrate accounts with inventory, setting closing-stock manually in the balance-sheet, displaying balance-sheet with different stock valuation methods)
  • Display Profit & Loss A/c
    (Configuring profit & Loss A/c, income/expense statement instead of P&L)

  • Display Trial Balance     (Configuring in Trial Balance)
  • Display Registers & Ledgers
    (Display sales register, purchase register, cash book, bank book, journal register, day book, statements of accounts)
  • Display inventory reports & statements
     ( Display stock summary, stock items, stock group summary, stock category summary, location/godown summary, stock query, stock cost-estimation, sales order book, sales order summary, purchase order book, purchase order summary, reorder-status, movement analysis, display batch-wise reports, stock ageing analysis, sales bills pending, purchase bills pending, stock transfer register, physical stock register, statistics of inventory masters)

20.  Management Information Systems (MIS)

  • Receivables, 
  • Payables, 
  • Cost-centre reports, 
  • Cash flow statement, 
  • Fund flow statement, 
  • Ratio analysis reports, 
  • Exceptional reports.
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Tax Consultant

Job Details
We Offer Practical Training for Accounts & Finance Executive & Recruitment services to Leading corporate houses.

UG - Any Graduate - Any Specialization, Graduation Not Required) AND (PG - Any PG Course - Any Specialization, Post Graduation Not Required.


Job LocationNoida, GurgaonJob TypePermanent
Minimum ExperienceAny yearsMaximum-ExperienceAny years
SalaryBest in IndustryJob Category
Employer Details
CompanyAsiaWebMedia Management
Company Details4 centers in NCR Call : 9911903287, 7827231213

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