SAG Infotech: Need Tax Software (Call 0141-4072000)

Gen IT is one of the income tax software created by professionals from SAG Infotech Pvt. Ltd. This software helps to compute Income Tax, Interest Calculations, Advance and Self Assessment Tax. The software is created with high-quality perfection to prepare returns. It also provides e-filing to upload returns with the help of the software. This software is proficient in calculating Income Tax, Advance, Interest Calculations, and Self-Assessment Tax. The quality of the software is very high, as the returns are prepared by it. The software provides the facility to file and upload returns. Also, there are simple steps to download the free Gen IT software for the trial version. To complete the processes, the Gen Income Tax returns filing software has 2 different sections which include - Client Manager, Income Tax, Billing, AIR, Calculator, Backup/Restore, Password and Printer Settings, Bulk SMS/E-Mail and Help. These operations are explained briefly below- 1. Client Manager Thi...

After the introduction of the Companies Amendment Act, 2017 and the Companies Amendment Ordinance Act, 2018, drastic changes have been observed in the provisions related to the filing of documents and e-forms with the Registrar for companies. Earlier, a time period of 270 days has been given to companies to file any document with the Registrar (ROC) by paying additional fees, as per section 403 of the Companies Act 2013. However, this section has been recently amended, and now companies have to file statuary documents within the time mentioned in the relevant section of the amended Companies Act. For instance, AOC 4 form must be filed within 30 days of AGM. Although after the expiry of the given period in the relevant section, a company can file a particular document by paying an additional fee and penalty in case the same receives a showcase notice from the Registrar: Here are the consequences of non-filing or late filing of any statutory document with the Registr...

Who is a Registrar & Share Transfer Agent (RTA)? RTA is an authorized trust or entity that handles the responsibility of maintaining detailed records of all the investor transactions at mutual fund houses or other financial institutions for their convenience. Mutual fund houses are responsible for processing the investor transactions, wherein RTA manages all the data generated under such transactions as part of their RTA Services. SAG RTA, CAMS, and Karvy are some of the leading RTAs in India that provide top-quality Registrar & Transfer Agent Services to clients, i.e., investors, mutual fund houses, distributors, etc, through their country-wide network. From the investor's point of view, RTAs serve as a single-window solution by assisting them in the share certificate transfer process (buying or selling records), security dematerialization via NSDL and CDSL depository, email processing, name & address update at mutual fund houses, dividend payout through ECS transfer...

Considering the management process of payroll, it is required to find solutions that streamlined the process. A business can look out for payroll management or can implement payroll software to fulfill the requirements of their payroll processes. These measures not only ensure business compliance with legal and tax requirements but also aids in simplifying payment manner to employees. Here is a list of reasons which explains the need of having payroll software for your business: Saves Time: The management of federal taxes including employment taxes is a time-consuming activity. On average one in every three businesses spends 80 hours performing such exercises which translates into full-time working for almost two weeks. Well, one can consider the payroll calculation task as simple as the addition of hours worked with the employee's rate. However, it turns complicated when factors such as vacation leave, overtime, and other benefits are also involved in the calculation. In add...

These are the forms submitted by fixed deposit holders to a relevant financial entity like a bank at the beginning of a financial year. It helps in avoiding TDS on the interest earned on the deposit amount. Other than this, did you know that these forms can also be submitted if your income exceeds INR 2.5 lakh, but going by some conditions? Read on to know how. Eligibility for Form 15G/15H Submission TDS Form 15G/15H is required to submit to the financial institutions i.e banks to avoid TDS deduction on the interest income on FDs. if the interest income crosses the threshold limit. Those who reside in India and age below 60 years of age during the year as mentioned in the form can submit Form 15G. On the other hand, a resident individual with age 60 years and above i.e senior citizens and super senior citizens are liable to submit Form 15H. Moreover, an individual with zero tax liability can also submit this form. The tax payable for any taxpayer is calculated on the net ta...

In a recent action taken by the directorate general of GST Intelligence (DGSTI), it was found that a company has taken input tax credit exceeding 10 per cent of the original amount. The case is of a local business unit which had wrongly quoted ITC claim of 3.5 crore instead of the correct one i.e. 35 lakhs due to a clerical error. However, the company further tried to reverse the entry after 6 months which further reinstate the fact of error done by the company. Also, the tax department has recovered 4 crores out of 5 crores from the previous claims. Read also:  Easy Guide to Capital Goods Under GST with Input Tax Credit Eligibility The excess input tax credit amount was registered with a manual entry error which shows up the vulnerability of the GSTN portal. It was said that this kind of error could be avoidable if the invoice matching process would have levied earlier. It might be the chance of deliberate attempt also in the invoice and GST return filing but the dep...

After the GST implementation in Varanasi, the National tax Seminar , JNN, is likely to be conducted in the context of the interests of consumers, businessmen and entrepreneurs. Expectedly, the Allahabad High court Judge, Piyush Agarwal, the Vice-chancellor Prof. Tien Singh and Prof. Ram Mohan Pathak would be attending the seminar. The information has been given in a conference by the President of the Seminar Committee, Sharad Kumar Tripathi, at Commerce Kar Bhawan on Thursday. Information is there that it would be organized by Sales Tax Bar Association on March 2nd. Mind boggling would be done on basic three points during the seminar and they are: Input Tax Credits Work Contracts in Relation to Real Estate Judicial System Under the Goods and Services Tax Act To discuss on the above-mentioned topics, in the seminar would be present, the Justice, Piyush Agrawal of Allahabad High Court, Vice Chancellor of Kashi University TN Singh and Vice Chancellor of South India Hindi Campai...