CompuTax

CompuTax is a income tax software designed to simplify the process of tax preparation and filing. With its advanced features, it efficiently handles various tax tasks including income tax, TDS, service tax, ROC, and financial XBRL. The software allows users to easily generate profit and loss accounts, balance sheets compliant with revised Schedule VI, and statutory and tax audit reports. One of the standout features of CompuTax is its PAN Verification capability, which automatically transfers important information such as name, address, PAN, TAN, depreciation asset details, and more. This software also ensures seamless carry forward of losses. Users can effortlessly import data from Form 26AS for e-TDS filing, including TDS, TCS, Advance Tax, and Self Assessment Tax. CompuTax enables users to quickly generate Form-16s, import data and calculate taxes and interest, and easily transfer files. It also takes care of crucial aspects such as ceiling, deductions, set-off, and carry forward of losses. The software offers a user-friendly platform for income tax, wealth tax, and e-filing of returns. With just one click, users can conveniently file their returns. One of the standout features of CompuTax is its ability to auto-pick intimation and letters received from the CPC directly from the user's email account, eliminating the need for providing passwords every time. The software also automatically transfers master data to the next assessment year. It supports importing data from various sources, including 26AS, TDS entries from CompuTds, balance sheet and P&L from CompuBal, and permanent information from the XML file.