Gen IT (Income Tax)

ITR Upload

• Preparation of Statement of Affairs, Profit & Loss A/c, Multiple Capital A/c & Trading A/c. Profit automatically transferred to Computation.
• Upload facility is available along with ITD Web Services.
• E-Filing of Form ITR-1,2,3,4,5,6,8 7 is available in XML Format under Genius software.
• Return filing under section 142, 148, 139(5), 139(9), 153A and rectification u/s 154 is also available.

Computation

• Relief Calculation for Arrear, Gratuity, Pension and Family Pension from A.Y. 1979-80.
• Facility to Calculate Advance Tax as per Previous Year figures or data inputted in Current Year.
• Computation of Income is possible as well.
• Calculation of Interest u/s 234A, 234B & 234C.

Reverse tax calculator & Billing

• Automatic preparation of Form 10E.
• The AMT Calculations, MAT Credit and auto utilization are also available in this software.
• Includes Billing as well it also includes unique features of reverse tax calculator.
• Calculation of Interest u/s 234A, 234B & 234C.
• Facility to Generate Bills or Receipt and Customized Bill Format.

Challan Payments

• Online challan e-Payments directly through the software.
• Preparation of Tax Challans-280,281,282 as well as ePayments online.

PAN application/correction

• Online submission of Form 49A/PAN Correction.
• Preparation of Form 49A & Correction Form of 49A as well as online submission of the same.

ITR upload through ERI login

• User can upload E-return by using web Services; It is an easy way to upload ITR without inserting Captcha each time.
• ERI Facility is available for Bulk E-Filing and this makes the process easy.
• The Maintenance of Depreciation Chart in both ways; as per Income Tax and books can be accomplished with Gen IT.

Miscellaneous

• Contact detail verification on ITD portal in Bulk.
• Document manager for keeping client's important document in various formats viz. Word, Excel, PDF, Scanned documents(Picture Format).
• Auto Import of 26AS Statement to resist the manual entries of TDS and TCS
• Telephone cum Address Book and Complete Client information as desired can be obtained.
• Miscellaneous useful information like all India Pin Codes, STD Codes, ISD Codes, List of TIN FCs, TAN/PAN AO Codes, Bank Branches BSR Codes, Service Tax Ranges, MICR Codes, IFSC Codes.

Gen Bal (Balance Sheet)

Audit Report

• Enter Trial Balance and Get Balance Sheet, Profit & Loss Account, Trading Account, Schedules and Lists.
• Facility to draw Trading Account in Columnar Format with Quantitative Details.
• New Audit Report has been is generated by software according to available ICAI Guidelines.
• User can input 2 years Trial Balance data at a time.

Depreciation Chart

• Facility to Import Data Directly from Tally 4.5/5.4/6.3/7.2/9.0,MS-Excel and many other Softwares like Busy,NAC,TATA Ex,Focus.
• Import -Export Facility is available in Depreciation Chart under Genius software.
• Preparation of Reports viz. 3CA, 3CB, 3CD with Annexures, Company Auditors Report, CARO, Notice, Director Report, Notes on Accounts. Miscellaneous Certificates.

Final Accounts

• Profit & Loss and notes on accounts are available as per new amended Schedule VI.
• Preparation of Reports viz. 3CA, 3CB, 3CD with Annexures, Company Auditors Report, CARO, Notice, Director Report, Notes on Accounts. Miscellaneous Certificates.
• Preparation of Balance Sheet Abstract.
• Facility to Calculate Depreciation as per IT Act and Companies Act & also prepares Fixed Asset Chart and Register.

Miscellaneous And ReportS

• Merge different Trial Balance to single Balance Sheet.
• Tax audit report is updated according to the assessment year 2018-19.
• According to available ICAI Guidelines,New Audit Report has been is generated by software
• New CARO (2016) Report for Companies to help them,Also Available in Software .
• Facility to Calculate Depreciation as per IT Act and Companies Act & also prepares Fixed Asset Chart and Register.

Gen CMA/EMI (Credit Monitoring Analysis)

PROMINENT FEATURES

• Prepares CMA data for as many years as required.
• Facility to Calculate day to day and simple interest. It is useful for calculation of Partner Interest, OD and CC A/c Interest.
• EMI and rate of Interest Calculations. Present value & Maturity value calculations.
• FDR & Panel Interest Calculation and Converter Tool for various measurement units.
• Calculations of MPBF as per Tondon and Nyar Committee.

Gen TDS (Tax Deducted At Source)

• Online TDS/TCS E-return upload - Register your DSC and upload your TDS/TCS returns and consolidated statement online directly by using this option in our software.
• Preparation ofTDS/TCS Book Adjustment Form (TBAF).
• Salary Calculation taking care of chapter VIA Deductions and Tax thereon.
• Generation of TDS/TCS Certificates (Form 16, 16A, 27D) in PDF Format signed with Digital Signature.
• User can Prepare Annual Return in Form 24,26,27,27E,Quarterly Return in Form 24Q, 26Q, 26QA, 27Q, 27EQ, Certificates in Form 12BA, 16, 16AA, 27D & 27A, 27B.
• Preparation of e-TDS return as well as paper return. Correction Statement of Form No. 24Q, 26Q, 27Q, 27EQ can also be prepared.
• e-Filing available from A.Y. 2003-04.
• Facility to calculate amount of monthly TDS to be Deducted in case of Salary.
• Preparation of Lower Tax Deduction Forms viz. 13, 15C, 15D, 15G, 15H, 15I, 15J.
• Data can be Imported / Exported from MS-Excel Files / Text File/FVU File.
• Various reports viz. Continuous Printing of Certificates, Deductee wise Payment(Summarized and Detailed), Challan wise Details, Certificate Issue Register, List of Clients not having PAN and Address.
• You can easily download all requests which you had done on TRACES website like consolidated file, Justification Report, 16 & 16A forms etc via Request download@ TRACE login.
• Included in the list of “Software Providers” by NSDL.
• Preparation of Form 49B & Correction Form of 49A.
• Miscellaneous useful information like all India Pin Codes, STD Codes, ISD Codes, List of TIN FCs, TAN/PAN AO Codes, Bank Branches BSR Codes, Service Tax Ranges, MICR Codes, IFSC Codes.

Gen-AIR /SFT

• Generation of package (zip/tar) with the help of generic submission utility.
• Statement of Financial Transactions (SFT) and Filing thereof is possible for an annual information report
• Preparation of Form No. 60,61,61A etc.
• Create XML and Validation With Software in easy Steps.

WHY ONLY GENIUS

• A new facility in the list of facilities provided to our genius users.Now user can import their master data in our certain software.
• In Genius 1000+ Forms Including Agreements, Company Law,Gift,Partnership,Power of Attorney, Companies Minutes, Resolutions.
• Create New Forms and Facility to make changes in Original Forms,is also available.
• DSC manager,Online PAN/TAN verification And Two sizes of Label Printing are available.
• User updated with latest software updates and news available on our website.
• In Document manager for keeping client's important document in various formats viz. Word, Excel, PDF,Scanned documents(Picture Format).

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