TDS/ ITR Filing Solution

Overview

Owing to the continuous introduction of new regulations, it becomes difficult for organisations to keep up with the changes in legacy applications. Modern businesses need tax filing applications that are smarter, more flexible, and effective in assisting with compliance requirements.

Our TDS/ ITR Filing Solution is a cloud-based, powerful, intuitive, and user-friendly tax software that meets the needs of tax preparers, accountants, bookkeepers, and corporate tax throughout the financial year.

How BDO India Can Help

  • Deductor Dashboard: Deductor Dashboard for filed/ pending returns and correction statements due, the status of processed returns (e.g., rejected, processed with default, and yet to be processed), unconsumed challans, deductees, etc.
  • Single Page View of All Returns: Bird’s-eye view from the returns dashboard for mapped challans, section-wise summary of the deductee transactions, and graphical view of PAN Status and challans
  • Auto Population of Data to Minimise Data Entry: Creation of deductor master by auto-populating details through income-tax e-filing portal, TAN details, import from .txt file. Fetching of unconsumed challans from TRACES and verification of the same from OLTAS and import of verified challans for mapping with deductee transactions
  • Data Verification: Verification of single/ bulk PANs/ TANs and challans to avoid any defaults
  • TDS Computation: A complete detailed view of the challans created and utilised, and liabilities, including the details of late fees and interest amount.
  • Compliances:
    • Easy generation of challans & payment of monthly TDS liabilities
    • Generation of quarterly FVU files in the format of Form 24Q, 2Q and 27Q after easy error handling of potential errors to reduce defaults
    • Filing of NIL declaration for a return
    • Generation of TDS certificates
  • Importing Data From Various Sources: Importing data through Excel for trial balance and allied data, JSON file for AIS, Form 3CD for further processing of data to generate the tax computation and ITR
  • Drafting Financial Statements: Real-time preparation of financial statements with the help of drag-and-drop features from the uploaded trial balance. A real-time view of the difference in the balance sheet between the current year and the previous year should be provided, highlighting any significant changes that have occurred
  • Comparative Income Heads for Present and Past Years: The software provides a detailed comparison of income heads through a graphical representation for the current year and previous years.
  • Preparation and Filing of ITR With Auto-Filling of Forms:
    • Quick and accurate calculations and computations including advance tax calculations and calculations of interest u/s 234A, 234B & 234C
    • Automatic preparation of ITR and its schedules
    •  Easy identification of data error
    • Multiple reports including CARO reporting
    • E-filing of ITR 1 to 7
    • E-filing of ITR - Updated return
    • E-filing of Form 10B, 10BB, Form 29B and other relevant forms
    • Online tax payment
    • Integration with the Government portal

Meet Our Leaders

Parijat Parimal

Parijat Parimal

Partner & Sales Lead Large Accounts
Technology Product and Solutions
BDO Digital
personView Bio

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