Process to Feed Details of Payments of Advance Tax and Self-Assessment Tax in Express ITR
Here’s a step-by-step guide for entering or verifying the payment details of Advance Tax and Self-Assessment Tax in Express ITR:
Step 1: Log in and Access ITR Summary
- Log in to Express ITR using your credentials.
- Open the client profile for whom the tax return is being prepared.
- Navigate to the ITR Summary section and click on Return Flow to begin.
Step 2: Open Tax Details Section
- Under the Income Head, locate and select the Tax Details option.
- This section provides an overview of tax payments and deductions.
Step 3: Access the Annexure
- Scroll to the annexure titled Details of Payments of Advance Tax and Self-Assessment Tax.
- This section allows you to feed or verify payment details.
Step 4: Enter Challan Details
If the Challan details are not imported automatically via the sync process:
- Click on Add New Entry.
- Enter the following details manually:
- BSR Code: The bank branch code of the challan.
- Date of Payment: The date the tax was paid.
- Challan Serial Number: Unique identifier for the payment.
- Amount Paid: The amount of Advance Tax or Self-Assessment Tax.
- Click Save to record the entry.
Step 5: Automated Import (Optional)
- If the Sync Process has been enabled, Challan details will be fetched automatically from 26AS or AIS.
- Verify the auto-imported details for accuracy and edit if discrepancies are noted.
Tips for Feeding Tax Details
- Cross-Check with Official Records: Always verify Challan details with Form 26AS or AIS to ensure accuracy.
- Avoid Duplication: Check for existing entries to prevent duplicate records.
- Save Regularly: Save your progress to avoid losing entered data.
By following this process, you can efficiently feed and manage the details of Advance Tax and Self-Assessment Tax in Express ITR, ensuring accurate and compliant tax returns.