Friends
Thought I would start a new thread abount problems faced while e filing where everybody can share their experiences .
Right now I will jot down a few problem areas which I have been facing
1) TDS deducted - when we enter from the TDS certificates issued to the company - we have to key in the details of Area Code / AO Number / Range/ Assessing Officer Type - many of the the TDS issued do not contain these details- we tried to upload to the I Tax server to no avail- we got a error message - Then we had to to do a TAN search using the TAN number given on the certificates and find out the details -
Seems to be an uneccesary hassle - This data should have been made optional
2) Do not use any abbreviation -Do not key in ABC & Co - instead key in ABC And Company- You would get error message otherwise.
3) Right a peculiar problem we are facing is how to disclose figs of Work in Progress in the case of Software companies where there are some unfinished projects- The data relating to B Sheet & P & L talks only about Raw Material and Finished Goods- nothing about WIP and its method of valuation - Means maybe we should not show classify WIP as Inventory and thereby make some suitable adjustment to the relevant heads of expenditure in the P & L A/c- Any Ideas ?
4) No column should be left blank - including PAN and PIN numbers / State etc
Wherever anything is NIL fill in 0 otherwise you get error message.
5) What happens if you upload and then discover there that some data has been left out - Should we refile ? Is there a procedure of Revised return- in which case how does one give reasons for revised return. Or should we simply correct the data in the paper form which you need to file after e filing ( if you havent used a Digital Signature) along with a letter to the assessing officer explaining the matter . ? Any ideas?
Please share your problems and how you got around them so that this thread becomes useful- There doesnt seem to be any similar threads around.
Regards
Sudatto
CAclubindia
