Filing of income tax return including e filing - sanjeev copy
It Return Filing
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Transcript of It Return Filing
E-filing of Income Tax return
Offered by
Soatech
Soatech offers a unique solution for Client’s employees to file their
income-tax return electronically (online)
This solution works on the concept of 24 x 7 i.e. any time anywhere
filing. Individuals having Internet access and valid PAN number can
prepare, calculate and file their return electronically in less than 5
minutes. (average time taken by users for F.Y. 2007-08)
e-Filing of IT return e-Filing of IT return
•Faster processing of return.
•Saves time.
•Low cost
•Anytime Anywhere filing
•Faster issuance of refund through ECS system.
•Reduce paperwork and is environmental friendly.
Electronic filing will ensure Electronic filing will ensure
How it worksHow it works
Form 16 generated by Soatech using our partner’s software contains
a link for e-filing of IT return. If employee desire to file the return he
will click the link provided on Form 16 and the data (encrypted
format) will get transferred to our partners secured site
Corporate clientSoftware
Generates the link for e-filing
Software will process the data and Generate the
Control Number
Import data to Form 16 Software
Import the data in the software. If the data is as
per the format provided by our partner then use the
predefined mapped file else you require to do the
mapping of data
The link contains Form 16 data and is encrypted for security purpose
The link contains Form 16 data and is encrypted for security purpose
Process Flow for Generation of digitally signed Form16 Process Flow for Generation of digitally signed Form16
Select the Digital signature
For signing the document
Software generates the signed
PDF Form 16
Form 16 Generated is in PDF format, which can either
directly mailed to employee using outlook or can be uploaded on intranet
Emailed to Employee using
Microsoft Outlook / Lotes Notes etc
PDF Form 16 uploaded onIntranet for downloading
EmployeeEmployee diverted to partner Server
Data transfers to partner Server
Click the link for e-Filing of IT return
As soon as employee clicks the link on form 16, PDF file prompts for transferring the data to our partner Server. A
Process Flow for e-filing of Income Tax returnProcess Flow for e-filing of Income Tax return
Employee Logs on topartner website
Is ReturnComplete ?
Complete Additional details
Decide type of Return
Print Paper return
Print Declaration form
Check Electronic return
Print Declaration form
Submit ITR forms at designated Soatech
Helpdesk
Submit Declaration online
Helpdesk SubmitsPhysical returns to
IT Department
Collect acknowledgement from Soatech
Download acknowledgement
Paper
Electronic (if you have purchased a E signature )
No
Yes
Payment Payment
A
No
Yes Yes
No
Continue…Continue…
No extra effort needed. Relieve your employees of the recurring annual hassle of filing
IT returns. Our easy to understand module with inbuilt calculator will help
your payroll team reduce its burden of constantly handling queries on taxation.
You do not have to invest any amount for employees but can still be sure that your employees are smiling and saving their precious working hours.
Low cost for your employees. Dashboard for tracking
Number of employee logged in Number of employees confirmed return Number of return filed and ITR-V uploaded on site
SOATECH
Advantages to our clientsAdvantages to our clients
Fast Processing of Returns and Faster Refunds by the Income Tax Department
Works on the concept of 24 x 7 i.e. any time anywhere filing Allow individuals to prepare their returns online. User friendly input. Calculates the taxes and prepares Challan automatically. Automatically computes tax, surcharge, Cess etc. Allows both Electronic as well as Manual filing of return. Supports for Original as well as Revised return. Supported with online help & keynote at every stage. Individuals posted outside the country can also file their return
on time Allow to enter the details of Capital gain, house property, Self
assessment Tax, Advance tax, Income from other sources etc. which are not part of form 16.
Advantages to EmployeesAdvantages to Employees
SOATECH
Our partner uses globally accepted 128-bit encryption Secured Socket Layer (SSL) technology to protect your data when it is transmitted from your employees computer to our data servers.
Their servers are secured to safeguard your data from viruses and unauthorized intrusion attacks with firewalls and are monitored round-the-clock for any denial of service or intrusion attacks.
Their servers are hosted at our ISO27001-certified data centre to ensure the highest level of security.
The signed Form16 has an inbuilt prompt which transfers data to myITreturn.com only after a user –click on the signed PDF. This ensures that the data has been intentionally sent to myITreturn.com and the employer is not responsible for the same.
Security of dataSecurity of data
SOATECH
Particulars Security
Printing Allowed
Document Assembly Not allowed
Content Copying Not allowed
Content Copying for Accessibility Not allowed
Page extraction Not allowed
Commenting Not allowed
Filling of Form fields Not allowed
Signing Not allowed
Creation of template pages Not allowed
Security of Form16 pdf fileSecurity of Form16 pdf file
Situation Price per return
No change from Form 16 data given by employer
Rs 250
Having income from employer apart from previous other employer
Rs 350
Having income/loss from House property not shown in Form 16
Rs 400
Having Capital Gains/Other Income Rs 500
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