Display of Previous Year Figures in the Current Assessment Year

ExpressITR || Display of Previous Year Figures in the Current Assessment Year

Purpose 
This article explains how Previous Year (PY) figures are automatically displayed within the Current Assessment Year (AY) ITR form in the software. This functionality helps users compare year-on-year data and ensure accurate return preparation.

Feature Overview
The software automatically fetches and displays Previous Year figures when the user opens the Return Flow for the selected Assessment Year. These figures appear across relevant income heads, deductions, and tax liability sections for reference.
This automatic display enables quick comparison and verification without requiring manual entry.

Steps to View Previous Year Figures
Step 1: Open the Client Profile
  1. Select and open the required client profile from the dashboard.
Step 2: Navigate to the Current Assessment Year ITR Form
  1. Open the ITR form for the relevant current Assessment Year.
Step 3: Access Income or Deduction Heads
  1. Navigate to any income head such as:
    1. Salary
    2. House Property
    3. Business/Profession
    4. Capital Gains
    5. Other Sources
      
  1. The system will automatically display the Previous Year figures related to that head.

Where Previous Year Figures Are Displayed
Previous Year data is automatically shown across the following sections:
  1. All Income Heads
  2. Deductions (e.g., Chapter VI-A)
  3. Tax Liability tab
  4. Financial Statements (if applicable)
This ensures consistency, transparency, and ease of review during return preparation.

Benefits of This Feature
  1. Eliminates manual data entry of previous year values
  2. Provides instant year-on-year data comparison
  3. Helps identify unusual variances and ensure accuracy
  4. Improves workflow efficiency during ITR preparation

    • Related Articles

    • ExpressITR || Importing Data from the Previous Assessment Year

      This article provides detailed instructions on how to import data from the previous Assessment Year (AY) into the current year’s Income Tax Return within ExpressITR. This feature helps ensure accuracy, continuity, and faster preparation of returns. ...

    • Income Tax || Assessment Year Selection

      The Assessment Year (AY) is the 12-month period that follows the Financial Year (FY). During this time, income earned in the Financial Year is assessed and taxed. Both FY and AY commence on 1st April and end on 31st March of the subsequent year. For ...

    • Spectrum-Cloud Mobile Application

      The Spectrum-Cloud Mobile Application allows users to securely access their Spectrum Cloud data directly from their mobile devices. The application provides convenient access to GST, TDS, and ITR-related information, enabling users to view important ...

    • ZenIT || Previous year figures do not appear in the Balance Sheet and Profit & Loss statements

      Previous year figures do not appear in the Balance Sheet and Profit & Loss statements To solve this problem, please follow the steps given below. First of all, you have to ensure that you have entered the data in the previous year. Go into ...

    • ExpressITR || Income Tax Return Updates (ITR-2,3 &5) for AY 2025–26

      Income Tax Return (ITR) Updates for AY 2025–26 (Applicable to ITR-2, ITR-3, and ITR-5 Forms) 1. Separate Reporting of Capital Gains Based on Transaction Date Effective Assessment Year 2025–26, capital gains must now be reported separately based on ...