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I T R S Income Tax Robust System. Introduction  It is a Web based application for the computation of Income Tax, Wealth Tax, FBT etc.  ITRS is able.

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Presentation on theme: "I T R S Income Tax Robust System. Introduction  It is a Web based application for the computation of Income Tax, Wealth Tax, FBT etc.  ITRS is able."— Presentation transcript:

1 I T R S Income Tax Robust System

2 Introduction  It is a Web based application for the computation of Income Tax, Wealth Tax, FBT etc.  ITRS is able to store all documents (Notices, Assessment, Appeals Orders etc.) which is received from Department or prepared by Company.

3 Introduction  It automatically calculate tax and all interests as per different orders under Direct Tax.  ITRS is regarded as database in terms of Direct Tax records which supports overall internal controls procedures with respect to taxation matters.

4 Modules  Income Tax  Wealth Tax  Fringe Benefit Tax  Transfer Pricing  Dividend Distribution Tax  Annual Information Return  Reply to Other Notices  TDS Appeal/TDS Matters  TDS on Foreign Remittances  Others

5 Features  Create new company or subsidiaries of company.  Able to create new users having different roles.  Updation of Tax Rate/Interest Rate as per changes for new Assessment Year.  Able to control on MAT credit available for set off with current tax.

6 Features  Automatic Tax Calculation  Automatic Interest Calculation  u/s 234A  u/s 234B  u/s 234C  u/s 234D  u/s 244A  u/s 220(2)  u/s 215  u/s 214  u/s 216

7 Module:-Income Tax  Provision of Income Tax  Taxes Paid Details  TDS Details  Return of Income  Income Tax Intimation  Refund/Adjustment Details  Assessment Order passed by AO  Reassessment  Stay of Demand

8 Module:- Income Tax  Penalty  Rectification  CIT(A)  DRP  ITAT  High Court  Supreme Court  Settlement Commission  MIS Report

9 Module:- Wealth Tax  Provision for Wealth Tax  Taxes Paid  Wealth Tax Return  Wealth Tax Revised Return  Refund/Adjustment Details  Assessment  Reassessment

10 Module:- Wealth Tax  Rectification  CIT(A)  ITAT  High Court  Supreme Court  MIS Report

11 Module:- Fringe Benefit Tax  Provision for Fringe Benefit Tax  Taxes Paid  FBT Return  FBT Revised Return  FBT Intimation  Refund/Adjustment Details  Assessment

12 Module:- Fringe Benefit Tax  Reassessment  Stay of Demand  Penalty  Rectification  CIT(A)  ITAT  MIS Report

13 Module:- Transfer Pricing  Transfer Pricing  Transfer Pricing Assessment

14 Module:- Dividend Distribution Tax  Dividend Distribution Tax  Dividend from Subsidiaries

15 Module:- Annual Information Return  Annual Information Return  Notices

16 Module:- Reply to Other Notices

17 Module:- TDS Appeals/TDS Matters  Assessment  CIT(A)  ITAT  High Court  Misc/Others

18 Module:- TDS on Foreign Remittances  TDS Payment  TDS Return  TDS Notices  TDS Certificate to Parties

19 Others  Certificate u/s 281  Form 15G/15H

20 Any Queries ?

21 Thank You


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