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I t r s

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 to store all documents (Notices, Assessment, Appeals Orders etc.) which is received from Department or prepared by Company. Introduction.

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I t r s

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  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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