• Breaking News

    Loading...

    May 7, 2011

    COMPARISION BETWEEN INCOME TAX FORMS SAHAJ AND SARAL

    As you know a new income tax form called SAHAJ replaced SARAL income tax form from the financial year 2011-12 for filing the income tax return of ITR-1. Earlier ITR1 is to be filled in the form SARAL which is replaced by a colorful presentation form SAHAJ which is better in many aspects from SARAL. Like in sahaj there is a facility of mention PAN number on all the pages, instructions are given of every page, there is a large combo type boxes on all pages and much more. So there is a comparison of sahaj and saral which will tell boh forms quality and which one is better.
    Key Features/Attributes
    SAHAJ
    SARAL
    Presence of Bar Codes for Automatic Classification
    AVAILABLE
    NOT AVAILBLE
    of Income Tax Returns in a Bulk Processing Set up
     
     
    Presence of Registration Marks for Identifying the
    AVAILABLE
    NOT AVAILBLE
    size, orientation of the document during scanning
     
     
    and data entry process
     
     
    Use of Dropout Ink to reduce Interference during
    AVAILABLE
    NOT AVAILBLE
    Data Capture
     
     
    PAN No. on all Pages. This is for traceability of
    AVAILABLE
    NOT AVAILBLE
    every page during document Preparation works
     
     
    which involves Stapling and Unstapling the returns
     
     
    Use of OMR Fields for Automatic Recognition
    AVAILABLE
    NOT AVAILABLE
    Use of Whole Rupee Method Boxes
    AVAILABLE
    NOT AVAILBLE
    Automatic Data Validation with prefixated number
    AVAILABLE
    NOT AVAILBLE
    of boxes
     
     
    Use of Separate Negative Boxes to make sure that
    AVAILABLE
    NOT AVAILBLE
    Taxpayer�s don�t fill Negative values in Positive
     
     
    Fields
     
     
    Large Combo Type Boxes for First Name and other
    AVAILABLE
    NOT AVAILBLE
    fields
     
     
    Instruction Built in the form
    AVAILABLE
    NOT AVAILBLE
    Simplification of Address Field
    AVAILABLE
    NOT AVAILBLE
    Schedule AIR
    NOT AVAILBLE
    AVAILABLE
    Mobile no.
    AVAILABLE
    NOT AVAILBLE
    Provision for Official Phone Number
    AVAILABLE
    NOT AVAILBLE
    Tax Status Field to know whether Tax Refundable,
    AVAILABLE
    NOT AVAILBLE
    Tax Payable etc for Processing Priority
     
     
    Separate Parts for Gross Total Income and
    AVAILABLE
    NOT AVAILBLE
    Deductions
     
     
    Unique Legends present in the Form helping in
    AVAILABLE
    NOT AVAILBLE
    Identification of zone around a field
     
     
    Bank Account Details
    Mandatory for every
    Only for Refund
     
    one
    cases
    Entering 0 in Gross Total Income if the value is
    Absent, Taxpayer
    AVAILABLE
    negative
    can fill Negative
     
     
    Value
     
    Income Tax Ward/Circle
    AVAILABLE
    AVAILABLE
     
     
     
    Simplification of TDS1, TDS2, IT Schedules
    YES
    NO
     
     
     
    Number of columns to be filled in Sch TDS1
    4
    8
    Provision of Supplementary Sch TDS1, TDS2, IT
    AVAILABLE
    NOT AVAILBLE
    Schedules for using after exhausting the fields
     
     
    available in the form
     
     
    Reordering Sch TDS2 at the end so that the
    AVAILABLE
    NOT AVAILBLE
    supplementary Sheet act as a continuation
     
     
    Linkages to FORM 26 AS to Verify and Fill the forms
    AVAILABLE
    NOT AVAILBLE
    Account No. Size
    17
    15
    Separate Section of Stamping Receipt No and Seal.
    AVAILABLE
    NOT AVAILBLE
    A bar coded Receipt No. can also be envisaged in
     
     
    the present setup
     
     


    Tags-saral and sugam forms,income tax sahaj form,comparision between sahaj and saral forms,sugam and sahaj forms,income tax forms            
     

    No comments:

    Post a Comment

    Featured

    Recent Post

    Subscribe Now!

    A to Z of Tax and Banking