Income Tax Software Questions & Answers

The best software for automating tax processes varies depending on your specific needs, but some top options include TurboTax for individual tax filing, QuickBooks for small businesses, and Avalara for sales tax automation. These platforms offer comprehensive features that streamline the tax filing process, including automatic calculations, tax compliance checks, and integration with financial data.

The best software for filing income tax return are as follows:

• EasyOffice
• ClearTax Income Tax
• Saral IncomeTax
• GEN Genius

The price and renewal charges of Spectrum gold plus varies depending on the no of clients that a user. Spectrum gold plus allows a maximum of 500 clients and the renewal charge for it is 4050/-

The renewal charges for Computax depend on various factors like:

• Specific Computax version: Different renewal costs apply to different versions of Computax.
• Additional modules: purchasing additional features or modules may increase the renewal cost.
• Any promotional offers or discounts: Discounts and special offers may make the prices vary for the renewal of Computax.
• In order to get the specific figures for renewal, one can contact the computax customer support who will help in guiding the user through the process of renewal.

To file a TDS return through CompuTax software, follow the steps given below:

• Go to the official site of CompuTax
• Register/Login using your credentials
• On the right-hand side panel click on E-TDS Return option
• Complete the captcha
• The system asks for permission in order to download the CSI file
• As you open the downloaded file, you’ll get redirected to the NSDL official site
• Enter you PAN and Date of Deposit of Challan
• Then click on download challan file and then open it
• A new browsing window appears, click on Continue and you’ll be redirected to PAN verification page
• Click Verify and then login using your user id and password
• Enter the PIN and then press continue
• Update the entries if you want to and then press continue
• A pdf file would be generated with an option to download or print it out.

The best Office management software for income tax, GST, company registration, TDS and tax audit is EasyOffice. The platform also provides its users with functionalities like flowcharts drawing program, vector graphics, a databases editor and a math formula editing application.

The penalty for TDS late payments is Rs. 200 a penalty.

The TDS rate for NRIs on the sale of property is 20%.

The interest rate for GST late payment is 18%.

Tax accountants commonly use professional accounting software like QuickBooks, Xero, or Intuit ProConnect Tax Online to streamline tax preparation, filing, and financial management processes for their clients.