INTRODUCTION OF TALLY

Tally is a multilingual(Provides multiple language environment) accounts and

inventory mangement accounting software. Tally.ERP 9 is one of the most
popular accounting software used in India. It is complete enterprise software
for small & medium enterprises.
Tally.ERP 9 is a perfect business management solution and GST software with
an ideal combination of function, control, and in-built customisability.
Tally.ERP 9 permits business owners and their associates to interact more in
accounts related discussions and is a complete product that retains its original
simplicity yet offers comprehensive business functionalities such as
Accounting, Finance, Inventory, Sales, Purchase, Point of Sales, Manufacturing,
Costing, Job Costing, Payroll and Branch Management along with compliance
capabilities for Excise, TDS, TCS, and now GST too!

ADVANTAGES OF TALLY
1. Tally has saved all paper works, it means the cost of all paper work = Zero =
It means before tally, we had to all work on papers and sometime paper work
cost was more than the benefit of information in small business type
organization . But after tally using, most benefit is gotten by small scale
business organizations.
2. In one tally software, you can keep records of unlimited companies. In
manual accounting, it is not possible that a single accountant can keep the
record of 20 companies. But, in my contacts, there are many professional
accountants of Mumbai and Delhi who are tracking all records of more than 20
companies in tally. Billions Rupees transactions of more than 20 companies
and just one tally software. Take idea what is the efficiency and what are the
benefits of tally software.
3. After coming tally, it has made simple system of recording and calculation of
all tax responsibility. Different tax responsibilities like VAT, FBT, Service tax,
Excise Mod VAT, Custom duty, TDS, Advance tax, etc. can easily calculate and
record in tally. Now, companies are demanding tally professional in first
eligibility because they are keeping all records in tally and without knowledge
of tally , A MBA is also fail to enter in Company as Account Manager.

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4. Tally provides some exceptional reports which are not possible to make in
manual accounting. In these exceptional reports, you can find negative stock,
negative ledger, overdue receivables, overdue payables, Memorandum
vouchers. These reports are very useful, if you AAA Computer Institute Tally
Notes know its benefit. These reports are also used to find out frauds and
check by spot internal auditors. Many accountants did not know that tally can
be easy use to track accounting of foreign business. Because in tally’s
configuration makes suitable tally for providing the information export
shipping details, nos. of containers and kinds of packages use in export
option. These in formations are very useful for exporters. For activate these
options, you have to click configuration, then click invoices, delivery notes and
orders. Here you can yes different exporter’s options.
5. There are few accountants who know that when we make the voucher
entries of payroll, at that time we also create cost allocation by only writing
yes in voucher entry configuration in the front of (Allow cost center allocation
in payroll vouchers.)
6. One of the best advantages of tally that in tally we can see any report by
filtering rang option. If you know to use excel, you can better understand
what is filtering and what is rang. But, here I am telling you that it is just
option. Suppose if you see cash flow statement greater than Rs. 100000 on all
items then you can check cash inflow and cash outflow more than Rs. 100000
each items.
7. With tally accounting software we can synchronize data over multiple
locations. Data synchronize is simple, cost effective and just few minutes we
can apply it . With synchronizing option of tally, we can easy share or
collaborates all accounting information more than one branch of company.
AAA Computer Institute Tally Notes.
8. With the help of tally, accountants can generate all type of VAT through e-
return files.
9. Tally can be operated in 13 languages, if you are businessman and prefer to
use tally in your local language, tally is providing support to record your
transactions in your own language .You can also print and view reports
another languages also.
Life time benefits = Speed + Advance + Safe + Universal Accounting softwar

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 SHORTCUT KEYS OF TALLY

Shortcut Descriptio
n
F1 select a company
ccounts Button and Inventory buttons
F2 change the menu period
F3 select the company
F4 Contra voucher
F5 Payment voucher
F6 Receipt voucher
F7 Journal voucher
F8 Sales voucher
F8 (CTRL+F8) Credit Note voucher
F9 Purchase voucher
F9 (CTRL+F9) Debit Note voucher
F10 Reversing Journal voucher
F10 Memorandum voucher
F11 Functions and Features screen
F12 Configure screen
ALT + 2 Duplicate a voucher
ALT + A Add a voucher
ALT + C To create a master at a voucher screen
ALT + D delete a voucher
ALT + E export the report in ASCII, SDF, HTML OR XML format
ALT + I insert a voucher
Alt+H Help Shortcut
Alt+N view the report in automatic columns
ALT + P print the report
ALT+ V Invoice screen to bring Stock Journal screen
ALT + W view the Tally Web browser.
Alt+Z Zoom
ALT + X cancel a voucher in Day Book/List of Vouchers
ALT + R Register Tally
Ctrl+Alt+B Check the Company Statutory details
Ctrl+R Repeat narration in the same voucher type irrespective of Ledger
Ctrl+T Mark any voucher as Post Dated Voucher
Ctrl+Alt+C Copy the text from Tally (At creation and alternation screens)
Ctrl+Alt+V paste the text from Tally (At creation and alternation screens)
CTRL + C Cost Centre
CTRL+ E select the Currencies
CTRL + G select the Group

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 CTRL + I select the Stock Items
CTRL + L select the Ledger
CTRL + O select the Godowns
CTRL + Q it quits that screen without making any changes to it
CTRL + U select the Units
Ctrl + V Voucher Types
ALT + F1 close a company/view detailed report
ALT+ F2 change the system period
ALT + F3 select the company info menu/create/alter/shut a Company
ALT + F4 Purchase Order Voucher Type
ALT + F5 Sales Order Voucher Type
ENTER To accept anything you type into a field.
To accept a voucher or master
To get a report with further details of an item in a report.
ESC To remove what you typed into a field
To come out of a screen
To indicate you do not want to accept a voucher or master.

GROUP & LEDGER CREATION

Group Name Ledger Name

Purchase Accounts All types of Purchase Accounts like
Purchase Local 12 %
Purchase Interstate 12%
Purchase Local 0%
Purchase Interstate 0%
Purchase (Composition)
Purchase Exempt (Unregistered Dealer)
Purchase Local (Exempt Registered)
Purchase Taxable (Unregistered Dealer)
Purchase Nil Rated (Unregistered Dealer)
Purchase Reverse Charge
Purchase Import Taxable 12%
Purchase Import Exempt
Purchase Import Nil Rated
Purchase (Own Branch)

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 Purchase Return
Sales Account All types of Sales Accounts like
Sales Local 12 % (Registered)
Sales Interstate 12%
Sales Local Nil Rated
Sales Interstate Nil Rated
Salers Export With Bond
Salers Export Taxable
Export (0%)
Sales Local (Exempt Registered)
Sale To Consumer (Taxable 12%)
Sale To Consumer (0%)
Sale To Consumer (Exempt)
Sales (Own Branch)
Sale Return
Duties and Taxes All types of Taxes like
INPUT CGST SGST IGST CESS
OUTPUT GST SGST IGST CESS
Excise Duty Payable etc
Service Tax Payable
TDS Payables
Input Vat Accounts
Output Vat Accounts
Cenvat Accounts
Sale tax
Income Tax
VAT Payable
Direct Expenses All expenses which appear in Trading Account (except purchases) like
Labor
Power
Electricity Expense (Factory)
Loading Unloading Expense
Warehousing Expenses
Custom Clearing Charges
Carriage
Freight & Cartage
Import duty
Wages
Coal & Fuel
Coal, Gas & Water of Factory
Consumed Material
Export Duty
Wages on Production
Delivery Charges(In Purchase Bill

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Indirect Expenses All Indirect Expenses like
Rounded Off
Salary
Advertisement Expense
Maintenance Expense
Rent Expense
Director Remuneration Expense
Bad Debts
Printing Expense
Stationary Expense
Foreign Exchange fluctuation
Audit Fees
Professional Charges
Legal Expenses/Charges
Depreciation Expenses
Interest Expense
Penalty
Royalty
Bank charges
Commission allowed
Discount allowed
Donation & charity
Free sample
Insurance premium
Interest on loan
Legal charge
Loss by fire
Postage & courier
Repair charge
Taxi fare
Telephone charge
Travelling expenses
Outstanding expenses
Accrued expenses
Bad debt
Loss on theft
depriciation
Coffee Expenses
Coke Expenses
Manager’s Commission
UPTT
Fuel Expenses A/c
Liabilty of Expenses
Preliminary Expenses A/c

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 Professional Fees
Indirect Income All Indirect Income like
Discount Received
Interest on Investment
Already Created in Only 2 Accounts Already Created like
Tally Cash
Profit and Loss Account
Bank Account All Bank Current Account
All Bank FD Account
(Personal Savings Account and FD not recorded)
Deposit Account All types of deposits like
Security Deposit
Electricity Deposit
Rent Deposit
Capital A/c All types of Capital Account like
Share Capital
Partner Capital Account
Partner Current Account
Proprietor Account
Drawings
Life insurance
Equity Capital A/c
Partners Capital A/c
Current Assets Prepaid Maintenance Expense
Prepaid Expense
Prepaid Rent
Prepaid Insurance Charges
Interest Receivables
Bill receivable
Accrued income
Mutual Fund
CGST SGST IGST Credit
Current Liabilities Bill drawn
Bill Payable
CGST SGST IGST Payable
Sundry Creditor Any Party from Whom Goods Purchased
Party from Whom any Bill of Expense Received
Loans and Advances Any Party to whom we gave loan
(Assets) like Loan Given to Friends Relatives/Related Companies
Any Party to whom we gave Advance
like Advance to Supplier
Loans Liabilities Any Party from whom we take loan.
We can also put group Secured loan or Unsecured loan
Debenture A/c

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 Loans From Bank
Loans From Outside Party
Loans From Aravind(Friend)
Fixed Assets All Fixed Assets on which Depreciation charged like
Furniture
Machine
Plant and Machinery
Mobile
Computers
Furniture and Fittings
Car
Scooter
Laptops
Office lighting
Land & Building
Good will
Factory lighting
Air Conditioner
Accumulated depriciation
Bank OCC Cash Credit Limit (CC)
taken from bank
Bank OD Overdraft Limit (OD)
taken from bank
Branch/Divisions Any Branch whose Separate Accounting Done
(If branch account maintained by head office only, then this account not
required)
Delhi Branch
Branch in division
Cash in Hand Imprest Account
(Cash kept with Employee)
Petty Cash
Investments All types of Investments like
Investment in Shares
Investment in Bonds
Investment in Property/Plot etc.
Long term investment
Short Term Investment
Stock-in-hand Stock
Closing Stock
Consignment Stock
Opening Stock
Misc. Expense Preliminary Expenses
(ASSET) NOT yet written off
Suspense A/c Suspense Account
Any payment or receipt from party whose name not known

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 Suspense
Secured Loan Loans for whom Security Given
like loan from bank/ Financial Institution
Unsecured Loan Loans taken for whom no Security given
Like Short term loan from directors
or loan from friends /relatives
Reserve & Surplus Any type of reserve like
General Reserve
Capital Reserve
Capital Reserve A/c
Investment Allowance Reserve A/c
Share Premium A/c
Reverse and Surplus
Provisions All Provisions except Provisions for bad debts
Provision for Tax
Provision for Expense
Provision for Sinking Fund
All types of Payables like Salary Payable, Audit fees Payable,
Sundry Debtors Any Party to Whom Sales Made
Provision for Bad Debts
Retained Earring General Reserve
Share Premium
Any other Reserve
Direct Incomes) Any Income from main service like
Freight Charges Income
Delivery Charges Income
Transporation Charges Income
Professional Charges Income

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 Assignment I
COMPANY NAME : NIKHIL & CO
ADDRESS : LOKENATH APARTMENT, 3 CANAL STREET, KOLKATA – 700014
PAN : AIPCN9991N
FINANCIAL YEAR : 2021-22
DATE PARTICULARS
01.04.2021 NIKHIL COMMENCED BUSINESS WITH CASH RS. 50000/- & RS 500000/- BY CHEQUE
02.04.2021 OPENED A BANK A/C AT STATE BANK OF INDIA, ENTALLY BR, A/C NO.
10627738901, IFSC SBIN0001830

03.04.2021 WITHDRAW FROM BANK RS. 25,000/-

04.04.2021 PURCHASED OFFICE FURNITURE OF RS. 10000/- BY CASH & RS. 50000/- BY CHEQUE
PURCHASED COMPUTERS OF RS. 42,500/- BY CHEQUE
05.04.2021 PURCHASED GOODS FROM N K SINGH OF RS. 150000/- ON
06.05.2021 CREDIT PURCHASED GOODS FROM N K SINGH OF RS. 50000/- ON
16.08.2021 CREDIT PURCHASED GOODS FROM N K SINGH OF RS. 50000/- ON
20.12.2021 CREDIT PURCHASED GOODS FROM N K SINGH OF RS. 150000/-
ON CREDIT
08.04.2021 SOLD GOODS TO B HALDER RS. 20000/- ON
16.05.2021 CREDIT SOLD GOODS TO B HALDER RS. 50000/-
18.07.2021 ON CREDIT SOLD GOODS IN CASH OF RS. 51000/-
20.09.2021 SOLD GOODS SMITA SARKAR ON CREDIT OF RS. 2,00,000/-
30.12.2021 SOLD GOODS IN CASH RS. 50000/-
09.04.2021 RECEIVED CASH FROM B HALDER RS. 15000/- ON ACCOUNT
17.08.2021 RECEIVED CASH FROM B HALDER RS. 45000/- ON ACCOUNT
18.10.2021 RECEIVED CASH FROM SMITA SARKAR RS. 150000/- ON ACCOUNT
20.01.2022 RECEIVED CASH FROM SMITA SARKAR RS. 5000/- ON ACCOUNT
12.04.2021 PAID CASH TO N K SINGH RS. 15000/- ON
15.06.2021 ACCOUNT PAID CASH TO N K SINGH RS. 25000/-
19.08.2021 ON ACCOUNT PAID CASH TO N K SINGH RS.
22.01.2022 25000/- ON ACCOUNT
PAID CASH TO N K SINGH RS. 50000/- ON ACCOUNT
14.04.2021 MAKE A FIXED DEPOSIT OF RS. 50000/-
14.08.2021 RECEIVED COMMISSION RS. 500/-
30.01.2022 RECEIVED INTEREST ON FIXED DEPOSIT RS. 1500/-
PAID RENT FOR RS. 10000/- BY CHEQUE
PAID SALARY TO STAFF RS. 15000/- BY CHEQUE ON 2ND DAY OF EVERY MONTH
04.05.2021 PURCHASED GOODS FOR CASH RS. 10000/-
04.05.2021 TRAVELLING ACCOUNT SUBMITTED WORTH RS. 1500/- AND MOBILE RECHARGE OF
RS. 3000/- ON4TH DAY OF EVERY MONTH
04.04.2021 PAPER PURCHASED WORTH RS. 7500/-
31.05.2021 SOLD GOODS FOR CASH RS. 15000/-
31.03.2022 DEPRECIATION ON FURNITURE @ 10% & COMPUTER @ 30%

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 ANSWER
CREATE
COMPANY:
Open Tally >Go to Company Info Screen (by pressing Alt + F3 Key if other
screen appear)>Choose Create >Fill the given Form
NEED TO FILL FOLLOWING :
Company Name >Address> Email >Currency Symbol >Maintain (Accounts
only or Accounts with inventory) >Financial Year beginning date>Book
Beginning date > Tally Vault Password > Security control Password > And
other details> Press Enter to accept data or to save data when tally gives
option save data> yes/no.

CREATE LEDGER:
Go to account info from Gateway of Tally
> Choose Ledger >
Choose Create from Single Ledger.
1. Type Ledger Name
2. Choose Account Type on under option.
3. Set other details if required.
4. Set Opening balance if any
5. Accept Data >yes
11
VOUCHER ENTRY:
Two types of vouchers – Accounting voucher, Inventory voucher.
Gateway of tally -> Accounting voucher/ Inventory
voucher -> Press F2and put the voucher date -> Select voucher type (payment/
receipt/ contra/ purchase/ sale etc) -> Press the entry with amount - > Write
the narration -> Accept.

DATE SHORTCU AMOUNT

LEDGER GROUP JOURNAL ENTRY
T KEYS Dr./Cr.

CASH CASH-IN-HAND CASH A/C Dr. 50000

01.04.2021 F
CAPITAL CAPITAL To, CAPITAL A/C 50000
6
SBI BANK SBI A/C Dr. 500000
02.04.2021 F
CAPITAL CAPITAL To, CAPITAL A/C 500000
6
SBI BANK SBI A/C Dr. 25000
03.04.2021 F
CASH CASH To, CASH A/C 25000
4
FURNITURE FIXED ASSETS FURNITURE A/C Dr. 10000
CASH CASH-IN-HAND To,CASH A/C 10000
FURNITURE FIXED ASSETS FURNITURE A/C Dr. 50000
04.04.2021 F
BANK BANK To, BANK A/C 50000
5
COMPUTER FIXED ASSETS COMPUTER A/C Dr. 42500
BANK BANK To, BANK A/C 42500
N K SINGH SUNDRY CREDITORS PURCHASE A/C Dr. 150000
05.04.2021 F
PURCHASE PURCHASE A/C To, N K SINGH A/C 150000
9
N K SINGH SUNDRY CREDITORS PURCHASE A/C Dr. 50000
06.05.2021 F
PURCHASE PURCHASE A/C To, N K SINGH A/C 50000
9
N K SINGH SUNDRY CREDITORS PURCHASE A/C Dr. 50000
16.08.2021 F
PURCHASE PURCHASE A/C To, N K SINGH A/C 50000
9
N K SINGH SUNDRY CREDITORS PURCHASE A/C Dr. 150000
20.12.2021 F
PURCHASE PURCHASE A/C To, N K SINGH A/C 150000
9
B HALDER SUNDRY DEBTORS SALES A/C Dr. 20000
08.04.2021 F
SALES SALES A/C To, B HALDER A/C 20000
8
B HALDER SUNDRY DEBTORS SALES A/C Dr. 50000
16.05.2021 F
SALES SALES A/C To, B HALDER A/C 50000
8
CASH CASH-IN-HAND CASH A/C Dr. 51000
18.07.2021 F
SALES SALES A/C To. SALES A/C 51000
8
SMITA SARKAR SUNDRY DEBTORS SALES A/C Dr. 200000
20.09.2021 F
SALES SALES A/C To, SMITA SARKAR A/C 200000
8
12
 CASH CASH-IN-HAND CASH A/C Dr. 50000
30.12.2021 F
SALES SALES A/C To. SALES A/C 50000
8
CASH CASH-IN-HAND CASH A/C Dr. 15000
09.04.2021 F
B HALDER SUNDRY DEBTORS To, B HALDER A/C 15000
6
CASH CASH-IN-HAND CASH A/C Dr. 45000
17.08.2021 F
B HALDER SUNDRY DEBTORS To, B HALDER A/C 45000
6
CASH CASH-IN-HAND CASH A/C Dr. 150000
18.10.2021 F
SMITA SARKAR SUNDRY DEBTORS To, SMITA SARKAR A/C 150000
6
CASH CASH-IN-HAND CASH A/C Dr. 5000
20.01.2022 F
SMITA SARKAR SUNDRY DEBTORS To, SMITA SARKAR A/C 5000
6
CASH CASH-IN-HAND N K SINGH A/C Dr. 15000
12.04.2021 F
N K SINGH SUNDRY CREDITORS To,CASH A/C 15000
5
CASH CASH-IN-HAND N K SINGH A/C Dr. 25000
15.06.2021 F
N K SINGH SUNDRY CREDITORS To,CASH A/C 25000
5
CASH CASH-IN-HAND N K SINGH A/C Dr. 25000
19.08.2021 F
N K SINGH SUNDRY CREDITORS To,CASH A/C 25000
5
CASH CASH-IN-HAND N K SINGH A/C Dr. 50000
22.01.2022 F
N K SINGH SUNDRY CREDITORS To,CASH A/C 50000
5
FIXED DEPOSIT DEPOSITS(ASSETS) FIXED DEPOSIT A/C Dr. 50000
14.04.2021 F
SBI BANK A/C To,SBI A/C 50000
5
CASH CASH-IN-HAND CASH A/C Dr. 500
14.08.2021 F
COMMISSION INDIRECT INCOME To,COMMISION A/C 500
6
SBI BANK A/C SBI A/C Dr. 1500
30.01.2022 F
INTEREST ON FD INDIRECT INCOME To., INTEREST ON FD A/C 1500
6
SBI BANK A/C RENT A/C Dr. 10000
02.04.2021 F
RENT INDIRECT EXPENSES To,SBI A/C 10000
5
2nd day SBI BANK A/C SALARY A/C Dr. 15000
of every F
month 5 SALARY INDIRECT EXPENSES To,SBI A/C 15000

CASH CASH-IN-HAND PURCHASE A/C Dr. 10000

04.05.2021 F
9 PURCHASE PURCHASE A/C To, CASH A/C 10000
TRAVELLING A/C
INDIRECT EXPENSES 1500
TRAVELLING Dr.
4th day CASH CASH-IN-HAND To, CASH A/C 1500
of every F MOBILE INDIRECT EXPENSES MOBILE 3000
month 5 RECHARG RECHARGE
E A/CDr.
CASH CASH-IN-HAND To, CASH A/C 3000
PRINTING PRINTING & STATIONERY 7500
INDIRECT EXPENSES
04.04.2021 F & A/C Dr.
9 STATIONER
Y
CASH CASH-IN-HAND To, CASH A/C 7500
SALES SALES A/C CASH A/C Dr. 15000
31.05.2021 F
8 CASH CASH-IN-HAND To. SALES A/C 15000

DEPRECIATION INDIRECT INCOME DEPRECIATION A/C Dr. 18750

31.03.2022 F FURNITURE FIXED ASSETS To. FURNITURE A/C 6000
7 COMPUTER FIXED ASSETS To. COUMPUTER A/C 12750
13
 VOUCHER

TRIAL BALANCE

14
PROFIT & LOSS

BALANCE SHEET

15
EFILING OF INCOME TAX

CONTENT
 Login and pan register 19-25

Filing of ITR-1 26-42

View 26AS 43-46

Challan 280 47-48

Challan 289 49-51

E-Filing of goods and services tax 52-86

E-FILLING OF INCOME TAX

 LOGIN & PAN REGISTER
Income Tax Login :
It is mandatory for every taxpayer in India to be a registered user on theIncom
department website. Being a registered user, one can access previous
years
tax returns, e-verify the income tax returns, check refund status etc.

Income Tax Login: IT Department Efiling Login

Step 1: Visit the income tax department homepage

To access the Indian income tax login page, visit the homepage of government
portal. Here, you will see a box on the top-right side that has a ‘Login’ button
for registered users.

Step 2: Enter the Details

19
Once you have clicked on that button, you will be taken to the login page,
where you have to enter your income tax login username and continue to
proceed
further. Please note, for income tax login, the user ID is your number.

After proceeding further, confirm your secure access message and enter
the correct password.

Next, click on skip and it will take you to the dashboard page.
20
 If you have not registered till now! with income tax portal here is the process
for registration

Prerequisite for Individuals to Register on Income Tax Portal

Prior to registering on the income tax portal, one must ensure they have
following details:

 Valid PAN

 Valid Mobile Number

 Valid Current Address

 Valid Email Address, preferably your own

Minor, lunatic or idiot and those who are barred by Indian Contract Act,
1872 are incompetent to register on the income tax portal.

Step-by-Step Process on Registering on the Income Tax Department Website

Step 1: Visit the income tax department portal

On the homepage of the government portal, click ‘Register’on the right hand
on side of the page.

21
Step 2: Enter your

Enter PAN and click on validate. After that, select ‘Yes’ and click on ‘Continue’.

22
 Step 3: Enter the Basic Details

Enter basic details such as first name, middle name and last name. And
select gender and residential status.

Step 4: Provide contact details

To complete the registration process, fill in the following details:

 Mobile number

 Email ID

 Postal address details

After correctly entering all the details, click on ‘Continue’.

23
Step 5: Verification

On submitting the form, a six digit One Time Password (OTP) is sent to your
mobile number and the email ID provided. Enter OTPs correctly to
successfully verify the details.

Please note that in case of non-residents the OTP is only sent on the
registered email address.

24
 Step 6: Verify the details entered.

After validating the OTP, you will get a new window to verify the entered
details. If you want to do corrections, you can go back to the previous screen,
do the necessary corrections, and again validate the same with OTPs received.

Step 7: Set

After verification, set a password for your account and set up a secure login
message. The password should be a combination of upper case letters, lower
case letters, and special characters.

Step 8: Click on ‘Register’.

Click on ‘Register’ button and you will receive an acknowledgement number

after successful registration.

25
26
 FILLING OF ITR-1
The user can file the Income Tax Return (ITR-1) in two ways:

(A) ONLINE MODE

Steps
Step 1: Go to the Income Tax e-Filing portal, www.incometax.gov.in & Log in
to the e-Filing portal using your user ID and password.

Step 2: On your Dashboard, click e-File > Income Tax Returns > File Income
Tax Return.

27
Step 3: Select Assessment Year as 2022–23 and click Continue.

Step 4:Select Mode of Filing as Online and click Proceed.

Note: In case you have already filled the Income Tax Return and it is
pending for submission, click Resume Filing. In case you wish to discard the
saved return and start preparing the return afresh click Start New Filing.

28
Step 5: Select Status as applicable to you and click Continue to
proceed further.

Step 6: You have two options to select the type of Income Tax Return:

 If you are not sure which ITR to file, you may select Help me
decide which ITR Form to file and click Proceed. Once the system
helps you determine the correct ITR, you can proceed with filing
your ITR.

29
  If you are sure which ITR to file, select I know which ITR Form I
need to file. Select the applicable Income Tax Return from the
dropdown and click Proceed with ITR.

Note:
 In case you are not aware which ITR or schedules are applicable to you
or income and deductions details, your answers in response to a set of
questions will guide in determining the same and help you in correct /
error free filing of ITR.

30
  In case you are aware of the ITR or schedules applicable to you
or income and deduction details, you can skip these questions.

Step 7: Once you have selected the ITR applicable to you, note the list
of documents needed and click Let’s Get Started.

Step 8: Select the checkboxes applicable to you and click Continue.

Step 9: Review your pre-filled data and edit it if necessary. Enter the remaining
/ additional data (if required). Click Confirm at the end of each section.

31
Step 10: Enter your income and deduction details in the different section.
After completing and confirming all the sections of the form, click Proceed.

Step 10a: In case there is a tax liability

You will be shown a summary of your tax computation based on the details

32
provided by you. If there is tax liability payable based on the computation,
you get the Pay Now and Pay Later options at the bottom of the page.

Note:

 It is recommended to use the Pay Now option. Carefully note

the BSR Code and Challan Serial Number and enter them in
the details of payment.
 If you opt to Pay Later, you can make the payment after filing
your Income Tax Return, but there is a risk of being considered as
an assessee in default, and liability to pay interest on tax payable
may arise.

Step 10b: In case there is no tax liability (No Demand / No Refund) or if you
are eligible for a Refund

After paying tax, click Preview Return. If there is no tax liability payable, or
if there is a refund based on tax computation, you will be taken to the
Preview and Submit Your Return page.

33
 Submit
Step 11: On the Preview and Submit Your Return page, enter Place, select
the declaration checkbox and click Proceed to Validation.

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Note: If you have not involved a tax return preparer or TRP in preparing
your return, you can leave the textboxes related to TRP blank.
Step 12: Once validated, on your Preview and Submit your Return
page, click Proceed to Verification.

Note: If you are shown a list of errors in your return, you need to go back
to the form to correct the errors. If there are no errors, you can proceed
to e- Verify your return by clicking Proceed to Verification.

E-verify
Step 13: On the Complete your Verification page, select your preferred
option and click Continue.

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 It is mandatory to verify your return, and e-Verification
(recommended option - e-Verify Now) is the easiest way to verify your ITR –
it is quick, paperless, and safer than sending a signed physical ITR-V to CPC
by post.
Note: In case you select e-Verify Later, you can submit your return,
however, you will be required to verify your return within 120 days of filing
of your ITR. Step 14: On the e-Verify page, select the option through which
you want to e- Verify the return and click Continue.
Note:

 Refer to the How to e-Verify user manual to learn more.

 If you select Verify via ITR-V, you need to send a signed physical
copy of your ITR-V to Centralized Processing Center, Income Tax
Department, Bengaluru 560500 by normal / speed post within
120 days.
 Please make sure you have pre-validated your bank account so
that any refunds due maybe credited to your bank account.
 Refer to the My Bank Account user manual to learn more.

Once you e-Verify your return, a success message is displayed along with
the Transaction ID and Acknowledgment Number. You will also receive a
confirmation message on your mobile number and email ID registered on
the e-Filing portal.

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(B) OFFLINE MODE

Steps
Step 1:Go to the Income Tax e-Filing portal www.incometax.gov.in

Step 2:Download the Appropriate ITR utility under 'Downloads > IT

Return Preparation Software'.

Step 3:Extract the downloaded utility ZIP file and Open the Utility from
the extracted folder. (For more information and prerequisites, refer the
'Read me' document).

Note : System Requirements

Excel Utilities: Macro enabled MS-Office Excel version 2007/2010/2013
on Microsoft Windows 7 / 8 /10 with .Net Framework (3.5 & above)
Java Utilities: Microsoft Windows 7/8/10, Linux and Mac OS 10.x with
JRE (Java Runtime Environment) Version 8 with latest updates.
To Enable Macros in Excel Go to > File > Options > Trust Centre > Trust
Centre Settings > Macro Settings > Enable All Macro > Click ‘OK’ button
twice to save these settings.

Step 4:Fill the applicable and mandatory fields of the ITR form.

Note :
Pre-filled XML can be downloaded post login to the e-Filing portal from
'My Account > Download Pre-Filled XML' and can be imported to the
utility for prefilling the personal and other available details.

Step 5:Validate all the tabs of the ITR form and Calculate the Tax.

Step 6:Generate and Save the XML.

Step 7:Login to e-Filing portal by entering user ID (PAN), Password, Captcha

code and click 'Login'.

Step 8:Click on the 'e-File' menu and click 'Income Tax Return' link.

Step 9:On Income Tax Return Page:

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o PAN will be auto-populated
o Select 'Assessment Year'
o Select 'ITR form Number'
o Select 'Filing Type' as 'Original/Revised Return'
o Select 'Submission Mode' as 'Upload XML'

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 Submit & E-verify
Step 10:Choose any one of the following option to verify the Income
Tax Return:

o Digital Signature Certificate (DSC).

o Aadhaar OTP.
o EVC using Prevalidated Bank Account Details.
o EVC using Prevalidated Demat Account Details.
o Already generated EVC through My Account  Generate EVC Option or Bank
ATM. Validity of such EVC is 72 hours from the time of generation.
o I would like to e-Verify later. Please remind me.
o I don’t want to e-verify this Income Tax Return and would like to send signed
ITR- V through normal or speed post to "Centralized Processing Center, Income
Tax Department, Bengaluru – 560500"

Step 11:Click 'Continue'

Step 12:Attach the ITR XML file.

On choosing,

o DSC as verification option, Attach the signature file generated from DSC
management utility.
o Aadhaar OTP as verification option, Enter the Aadhaar OTP received in the
mobile number registered with UIDAI.
o EVC through Bank account, Demat account or Bank ATM as verification
option, Enter the EVC received in the mobile number registered with Bank or
Demat Account respectively.
o Other two verification options, the ITR will be submitted but the process of
filing the ITRs is not complete until it is verified. The submitted ITR should be
e-Verified later by using 'My Account > e-Verify Return' option or the signed
ITR-V should be sent to CPC, Bengaluru.

Step 13:Submit the ITR.

Step 14:To view the uploaded ITRs.

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42
 VIEW 26AS

View & Download Form 26AS Online

Form 26AS is a statement that provides details of any amount deducted as

TDS
or TCS from various sources of income of a taxpayer. It also reflects details of
advance tax/self-assessment tax paid, and high-value transactions entered
into by the taxpayer.

Your Tax Credit Statement or Form 26AS is an important document for tax
filing. Gone are the days when one has to download Form 26AS for filing IT
returns manually. The income tax department has been making changes in
Form 26AS to include more and more details. The scope of the statement has
now been expanded to include details of foreign remittances, mutual funds
purchases, dividends, refund details, etc.

Form 26AS is a statement that shows the below information:

 Tax deducted on your income by all the tax deductors

 Details of tax collected by collectors
 Advance tax paid by the taxpayer
 Self-assessment tax payments
 Regular assessment tax deposited by the taxpayers (PAN holders)
 Details of income tax refund received by you during the
financial year
 Details of the high-value transactions regarding shares,
mutual funds, etc.
 Additional details like mutual fund purchase and dividend, interest
on income tax refunds, off-market transactions, foreign
remittances, salary break-up details, etc.

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 New effective 1st June 2020 to also include information on specified
financial transactions, pending and completed assessment proceedings, tax
demands and refunds in addition to the existing data presented in the form.

Structure and Parts of Form 26AS

Part A: Details of Tax Deducted at Source

 Part A1: Details of Tax Deducted at Source for 15G/15H

 Part A2: Details of Tax Deducted at Source on the
sale of Immovable Property u/s194(IA)/TDS on Rent
of Property u/s 194IB/TDS on payment to resident
contractors and professionals u/s 194M (For
Seller/Landlord of Property/ Payee of resident
contractors and professionals)
 Part B: Details of Tax Collected at Source
 Part C: Details of Tax Paid (other than TDS or TCS)
 Part D: Details of Paid Refund
 Part E: Details of SFT Transaction
 Part F: Details of Tax Deducted at Source on the sale of Immovable Property
u/s194(IA)/TDS on Rent of Property u/s 194IB/TDS on payment to resident
contractors and professionals u/s 194M (For
Buyer/Tenant of Property/Payer of resident contractors and
professionals)
 Part G: TDS Defaults* (processing of Statements)
 Part H: Details of Turnover as per GSTR-3B

Part A:
Details of Tax Deducted at Source

Part A of Form 26AS contains TDS details deducted on your salary, interest
income, pension income, prize winnings, etc. It also includes the TAN of the
deductor, the amount of TDS deducted and deposited to the government.
This
information is provided every quarte
44
 Part A1:
Details of Tax Deducted at Source for 15G/15H

Details of income where no TDS has been deducted is given here since the
taxpayer has submitted Form 15G or Form 15H. You can verify the status of
TDS deduction if you have submitted Form 15G or Form 15H. If you have
not submitted Form 15G or Form 15H, this section will display ‘No
transactions present’.

Part A2:
Details of the entries are mentioned here:

 TDS on sale of immovable property u/s194(IA) (for the seller

of property)

 TDS on rent of property u/s 194IB (for the landlord of property)

 TDS on payment to resident contractors and professionals
u/s 194M (for a payee of resident contractors and
professionals)
That is, it will show entries if you have sold the property/rented the
property, received payments for contractual or professional service during
the year, and TDS was deducted on the same.

Part B:
Details of Tax Collected at Source

Part B shows the Tax Collected at Source (TCS) by the seller of goods. Entries
in Form 26AS will show seller details who has collected tax from you.

Part C:
Details of Tax Paid (Other than TDS or TCS)
If you have deposited any tax yourself, that information will appear here.
Details of advance tax as well as self-assessment tax are present here. It
also contains details of the challan through which the tax was deposited.

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 Part D:
Details of Paid Refund

If any, information regarding your refund will be present in this section.

Assessment year to which the refund pertains, along with the mode of
payment, the amount paid and interest paid, and the date of payment
are mentioned.

Part E:
Details of SFT Transaction

Banks and other financial institutions must report high-value transactions to

the tax authorities. High-value purchases of mutual funds, property
purchases, corporate bonds are all reported here.

Part F:
Details of Tax Deducted at Source on the sale of Immovable Property
u/s194(IA)/TDS on Rent of Property u/s 194IB/TDS on payment to resident
contractors and professionals u/s 194M

If you have bought a property/paid rent to the tenant/paid for contractual

work or professional fees and deducted TDS on such payments. This section
will show details of TDS deducted & deposited by you.

Part G:
TDS Defaults*(Processing of Statements)

This part shows defaults related to the processing of statements. They do

not include demands raised by the assessing officer.

Part H:
Details of Turnover as per GSTR-3B
This part shows turnover of the taxpayer as reported in the GSTR-3B return.

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How to view Form 26AS?

 You can view Form 26AS on the TRACES portal and download
it (see the step-by-step guide below on downloading Form
26AS).
 You can view Form 26AS from FY 2008-09 onwards via the net
banking facility of your bank account. The facility to view Form
26AS is available to a PAN holder having a net banking account
with any authorised bank.
 You can view your Form 26AS only if your PAN number is linked
to that particular account. This facility is available for free.

List of banks registered with NSDL, for providing a view of Tax Credit
Statement (Form 26AS), are as below:

 Axis Bank Limited

 Bank of India
 Bank of Maharashtra
 Bank of Baroda
 Citibank N.A.
 Corporation Bank
 City Union Bank Limited
 ICICI Bank Limited
 IDBI Bank Limited
 Indian Overseas Bank
 Kotak Mahindra Bank Limited
 Indian Bank
 Karnataka Bank
 Oriental Bank of Commerce
47
 State Bank of India
 State Bank of Mysore
 State Bank of Travancore
 State Bank of Patiala
 The Federal Bank Limited
 The Saraswat Co-operative Bank Limited
 UCO Bank
 Union Bank of India

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 CHALLAN 280
We have deposite our “Self Assessment Tax” or “Advance Tax” by Challan 280.

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 CHALLAN 281
We have deposite Tax Deducted at Source by Challan 281.

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 E-FILLING OF GOODS AND SERVICES
TAX(GST)
The GST portal IS www.gst.gov.in
GST on sales are two types- 1. B2B & 2. B2C

GSTR-1

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GSTR-2

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GSTR-3B

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GSTR-9

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