Monday, 27 May 2019

CompuTax 2019-20 :: update v 1.3 released

CompuTax 2019 update v 19.*.1.3  released.

Income-Tax

  • Salary : Allowance totalling Error if more than 1 Company, fixed.
  • New columns added in Capital Gain Excel File for importing data.
Important NOTES :
  • PROCEDURE FOR INSTALLATION OF 2019-20  &  MIGRATION OF DATA FROM 2018-19  TO  2019-20 CAN BE VIEWED BY CLICKING THE LINK "Click here for instructions on Installation and Migration" GIVEN ON THE RIGHT SIDE UNDER THE TOPIC  "CompuTax 2019 Launched", MARKED IN YELLOW, OF THE MAIN PAGE OF OUR SITE "www.cubicsys.in"
     
  • BEFORE STARTING MIGRATION, UPDATE 2018-19 WITH ver.12.7
     
  • ALL THE VERSION RELEASE INFORMATIONS CAN ALWAYS BE VIEWED BY CLICKING THE LINK "Click here for Release Informations.", GIVEN ON THE RIGHT SIDE, MARKED IN YELLOW, OF OUR SITE "www.cubicsys.in"
PLEASE READ HELP FILE (2019-20 Help), especially NEW USERS, given in "Cubic Systems Apps --> CompuTax 2019-20" for almost every Queries.
==================================================
For support kindly contact : Mr.Chirag Gandhi (94260 77832)
                                               : Mr.Ketul Mehta     (99796 06426)
eMail :  Chirag Gandhi : chirag.gandhi@cubicsys.in
                                           : gopakumar@cubicsys.in
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Wednesday, 22 May 2019

CompuTax 2019-20 :: update v 1.2 released

CompuTax 2019 update v 19.*.1.2  released.

Income-Tax

  • Key Not found ERROR while generating ITR-4 fixed. 
  • Special Income Total  error in ITR-2 Part B-TI  fixed.
Important NOTES :
  • PROCEDURE FOR INSTALLATION OF 2019-20  &  MIGRATION OF DATA FROM 2018-19  TO  2019-20 CAN BE VIEWED BY CLICKING THE LINK "Click here for instructions on Installation and Migration" GIVEN ON THE RIGHT SIDE UNDER THE TOPIC  "CompuTax 2019 Launched", MARKED IN YELLOW, OF THE MAIN PAGE OF OUR SITE "www.cubicsys.in"
     
  • BEFORE STARTING MIGRATION, UPDATE 2018-19 WITH ver.12.7
     
  • ALL THE VERSION RELEASE INFORMATIONS CAN ALWAYS BE VIEWED BY CLICKING THE LINK "Click here for Release Informations.", GIVEN ON THE RIGHT SIDE, MARKED IN YELLOW, OF OUR SITE "www.cubicsys.in"
PLEASE READ HELP FILE (2019-20 Help), especially NEW USERS, given in "Cubic Systems Apps --> CompuTax 2019-20" for almost every Queries.
==================================================
For support kindly contact : Mr.Chirag Gandhi (94260 77832)
                                               : Mr.Ketul Mehta     (99796 06426)
eMail :  Chirag Gandhi : chirag.gandhi@cubicsys.in
                                           : gopakumar@cubicsys.in
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Monday, 20 May 2019

CompuTax 2019-20 :: update v 1.1 released

CompuTax 2019 update v 19.*.1.1  released.

Income-Tax

  • STCG  Total  error in ITR-2 Part B-TI  fixed.
Important NOTES :
  • PROCEDURE FOR INSTALLATION OF 2019-20  &  MIGRATION OF DATA FROM 2018-19  TO  2019-20 CAN BE VIEWED BY CLICKING THE LINK "Click here for instructions on Installation and Migration" GIVEN ON THE RIGHT SIDE UNDER THE TOPIC  "CompuTax 2019 Launched", MARKED IN YELLOW, OF THE MAIN PAGE OF OUR SITE "www.cubicsys.in"
     
  • BEFORE STARTING MIGRATION, UPDATE 2018-19 WITH ver.12.6
     
  • ALL THE VERSION RELEASE INFORMATIONS CAN ALWAYS BE VIEWED BY CLICKING THE LINK "Click here for Release Informations.", GIVEN ON THE RIGHT SIDE, MARKED IN YELLOW, OF OUR SITE "www.cubicsys.in"
PLEASE READ HELP FILE (2019-20 Help), especially NEW USERS, given in "Cubic Systems Apps --> CompuTax 2019-20" for almost every Queries.
==================================================
For support kindly contact : Mr.Chirag Gandhi (94260 77832)
                                               : Mr.Ketul Mehta     (99796 06426)
eMail :  Chirag Gandhi : chirag.gandhi@cubicsys.in
                                           : gopakumar@cubicsys.in
.
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Sunday, 19 May 2019

CompuTax 2019-20 :: update v 1.0 released

CompuTax 2019 update v 19.*.1.0  released.

Income-Tax

  • ITR-1 physical Form as well as XML generation ready & released for uploading. 
  • Salary module has been changed to accomodate more options as per the Dept's s/w. USERS are kindly requested to check and SAVE the SALARY module before generating S of I & XML

  • USERS are kindly requested to NOTE that the LT-Gain fed & calculated in multiple entires will give wrong result in ITRs.  For Eg:  Feed the below entries, one entry at a time,  and see the ITR-2 page 5. You will be getting the results as shown in the 2nd Table as per the format of ITR-2, point # B4 of Sch.CG under LT, which is presented correctly as per the given formula in ITR-2                                                              

    Sale Consideration
    Actual Cost
    Cost as on 31/01/2018
    Calculated Profit/Loss
     Case 1
    10000
    12000
    3000
    -2000
    Case 2
    20000
    2000
    4000
    16000
    Case 3
    25000
    5000
    7000
    18000
    Case 4
    1000
    6000
    8000
    -7000
    Case 5
    5000
    0
    10000
    -5000
    Total
    61000
    25000
    32000
    20000


    4a
    B2
    B1
    iB
    iA
    bi
    bii
    biii
    biv
    (bi+bii+biii)
    4c
    (4a – biv )
    Case 1
    10000
    10000
    3000
    3000
    12000
    12000
    0
    0
    12000
    -2000
    Case 2
    20000
    20000
    4000
    4000
    4000
    4000
    0
    0
    4000
    16000
    Case 3
    25000
    25000
    7000
    7000
    7000
    7000
    0
    0
    7000
    18000
    Case 4
    1000
    1000
    8000
    1000
    8000
    8000
    0
    0
    8000
    -7000
    Case 5
    5000
    5000
    10000
    5000
    10000
    10000
    0
    0
    10000
    -5000
    Total
    61000
    61000
    32000
    20000
    41000
    41000
    0
    0
    41000
    20000

    Now if you feed all the above ENTRIES together, you will find that the exact TOTAL values, as per the table,  in ITR-2, point # B4 of Sch.CG of LT Gain, but if you check the calculation according to the formula, you will find that the working is WRONG, ie. for column iB.

    Hence USERS are kindly requested to hold the uploading of the ITR for LT Gains till the correction is  done by the Dept. OR generate the XML from our s/w & import it in the Java utility & make the changes, which according to you is right & then generate the XML & upload it.
     
Important NOTES :
  • PROCEDURE FOR INSTALLATION OF 2019-20  &  MIGRATION OF DATA FROM 2018-19  TO  2019-20 CAN BE VIEWED BY CLICKING THE LINK "Click here for instructions on Installation and Migration" GIVEN ON THE RIGHT SIDE UNDER THE TOPIC  "CompuTax 2019 Launched", MARKED IN YELLOW, OF THE MAIN PAGE OF OUR SITE "www.cubicsys.in"
     
  • BEFORE STARTING MIGRATION, UPDATE 2018-19 WITH ver.12.6
     
  • ALL THE VERSION RELEASE INFORMATIONS CAN ALWAYS BE VIEWED BY CLICKING THE LINK "Click here for Release Informations.", GIVEN ON THE RIGHT SIDE, MARKED IN YELLOW, OF OUR SITE "www.cubicsys.in"
PLEASE READ HELP FILE (2019-20 Help), especially NEW USERS, given in "Cubic Systems Apps --> CompuTax 2019-20" for almost every Queries.
==================================================
For support kindly contact : Mr.Chirag Gandhi (94260 77832)
                                               : Mr.Ketul Mehta     (99796 06426)
eMail :  Chirag Gandhi : chirag.gandhi@cubicsys.in
                                           : gopakumar@cubicsys.in
.
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