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IT Return Filing


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IT Return Filing

  1. 1. E-filing of Income Tax return Offered by Soa tech
  2. 2. 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
  3. 3. <ul><ul><li>Faster processing of return. </li></ul></ul><ul><ul><li>Saves time. </li></ul></ul><ul><ul><li>Low cost </li></ul></ul><ul><ul><li>Anytime Anywhere filing </li></ul></ul><ul><ul><li>Faster issuance of refund through ECS system. </li></ul></ul><ul><ul><li>Reduce paperwork and is environmental friendly. </li></ul></ul>Electronic filing will ensure
  4. 4. How 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
  5. 5. Corporate client Software 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 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 on Intranet for downloading
  6. 6. Employee Employee 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 return
  7. 7. Employee Logs on to partner website Is Return Complete ? 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 Submits Physical 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…
  8. 8. <ul><li>No extra effort needed. </li></ul><ul><li>Relieve your employees of the recurring annual hassle of filing IT returns. </li></ul><ul><li>Our easy to understand module with inbuilt calculator will help your payroll team reduce its burden of constantly handling queries on taxation. </li></ul><ul><li>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. </li></ul><ul><li>Low cost for your employees. </li></ul><ul><li>Dashboard for tracking </li></ul><ul><ul><ul><li>Number of employee logged in </li></ul></ul></ul><ul><ul><ul><li>Number of employees confirmed return </li></ul></ul></ul><ul><ul><ul><li>Number of return filed and ITR-V uploaded on site </li></ul></ul></ul>SOA TECH Advantages to our clients
  9. 9. <ul><li>Fast Processing of Returns and Faster Refunds by the Income Tax Department </li></ul><ul><li>Works on the concept of 24 x 7 i.e. any time anywhere filing </li></ul><ul><li>Allow individuals to prepare their returns online. </li></ul><ul><li>User friendly input. </li></ul><ul><li>Calculates the taxes and prepares Challan automatically. </li></ul><ul><li>Automatically computes tax, surcharge, Cess etc. </li></ul><ul><li>Allows both Electronic as well as Manual filing of return. </li></ul><ul><li>Supports for Original as well as Revised return. </li></ul><ul><li>Supported with online help & keynote at every stage. </li></ul><ul><li>Individuals posted outside the country can also file their return on time </li></ul><ul><li>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. </li></ul>Advantages to Employees SOA TECH
  10. 10. 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 only after a user –click on the signed PDF. This ensures that the data has been intentionally sent to and the employer is not responsible for the same. Security of data SOA TECH
  11. 11. Security of Form16 pdf file 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
  12. 12. Pricing 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