GenIT, the simplest and opportune software for computing Income tax ,Advance tax, Self assessment Tax, Interest calculation u/s 234 A,234 b,234 C. The tool is developed to meet with our success mantra “For those who can't afford to make errors” which elaborates GenIT perpetually. The software is made with perfection to prepare return and has the capability of e-filling to upload returns directly from the software.

Gen IT(Income Tax) Software

  • We provide facility to our users for calculating Income Tax from Assessment Year 2000-01 onwards, with taking care of Chapter VI A-Deductions, Relevant Rebates on arrears, adjustment of brought forward Losses, Unabsorbed Depreciation, and Clubbing of Minor's Income and Income of Spouse.
  • Return Forms and miscellaneous ratio analysis of various reports like GP (Gross Profit Ratio).
  • Automatically prepare Return Forms ITR-1 to 7 with Auto selection of ITR as per the status and head of Income of Assessee along with selecting ITR Filling Sections according to period.
  • E-Filing of Form ITR-1,2,3,4,5,6,7 is available in XML Format. The user can directly import master data from any XML.
  • Bulk contact verification - One can use this facility to verify the PIN directly by reading it or by accessing mail id or the user can also create alias and forward mail on a single mail id by mail setup in GEN IT Page.
  • Various Reports are also generated by software like Assessee whose PAN /TAN is Pending, Whose Returns are pending, Refund Status, date-wise Report of return filing is Pending.
  • Preparation of Form 49A & Correction Form of 49A as well as online submission of the same.
  • Transfer the Master Data of Client from any software through XML and Excel format.
  • Auto carry forward facility of Losses, NSC, KVP data to next Assessment Year(s) from previous years.
  • Facility to Calculate Advance Tax as per previous year figures or data inserted in Current Year.
  • In case of Arrear Received, software provides facility to calculate relief on it and Form 10E will be prepared by it automatically.
  • Search [ITR ACK.No] - To view the return filling of any person you can use this option by simply inserting its acknowledgment number.
  • Easy preparation and e-Payment of Tax Challans-280,281,282 with Verification.
  • To see bulk transactions and impact of them on income, there are separate Statement of Capital Gain is provided in Tabular Format.
  • Auto calculation of Interest u/s 234A, 234B & 234C.
  • Reverse Tax Calculator.
  • Auto Import of 26AS Statement so that user doesn't need to enter manual entries of TDS and TCS.
  • Adjustment of losses according to head of Incomes.
  • Maintaince of Depreciation Chart in both ways as per Income Tax and books.
  • MAT Credit, AMT calculations and auto utilization of credit.
  • Our software provides linking to the Income Tax Department official Goverment Website and you can download ITR( Income Tax Return) in xml and pdf Format and acknowledgement of ITR, receipt of ITR
  • Upload E-return by using web Services - It is an easy way to upload ITR without inserting Captcha each time and waiting for log in.