Gen Income Tax Software

Gen IT Software

Description

The Gen Income Tax Filing Software is an outstanding solution for calculating various tax components such as Income Tax, Advance Tax, Self Assessment Tax, and Interest under sections 234B, 234A, and 234C. With the Gen ITR e-filing software, you can efficiently prepare and file your income tax returns precisely, offering the convenience of direct e-filing from within the software.

Gen IT software includes all the essential features required for filing income tax returns, including the automatic selection of appropriate return forms, generation of tax forms in XML or JSON format, import capabilities for master data and income details, computation of arrear relief, and the option for e-payment of challans with verification. Users, including taxpayers and clients, can benefit from additional useful features available through the Income Tax Department (ITD) web services, such as MAT/AMT calculations, summarization of income deductions, and swift ITR uploads.

Gen IT software is meticulously crafted to uphold the principle of "For those who can't afford to make errors," embodying a commitment to accuracy. Our income tax return e-filing software is designed to ease the return preparation process and offers the convenience of straight e-filing from within the software itself. It's worth noting that SAG's income tax software has earned a name for over a decade, making it the first filing choice for numerous major corporations. Gen IT is a subsidiary of our most popular taxation software product Genius.

Key Features of Gen IT:

• Ease the process of the selection of appropriate return forms, including ITR-1 to ITR-7 based on the relevant source of income.
• Allows for the use of pre-filled JSON data from the portal and full data from previously uploaded/filled ITR via JSON/XML files.
• Provides the calculation of relief and uploads Form-10E conveniently.
• Easy process in preparing and e-paying tax challans like 280, 281, and 282 with verification.
• Enables adjustments of losses based on different heads of incomes.
• Maintains a depreciation chart in compliance with the Income Tax and Books/Companies Act, supporting import/export via Excel.
• Supports the import of AIS, TIS from the portal, and Form 26AS via multiple modes, including Auto/zip/Text/Excel.
• Includes a feature for estimating Advance Tax.