PRACTICAL NOTE BOOK

(Prepared for the Degree of B. Com. Honours in Accounting & Finance

under the University of Calcutta)

SUBJECT: COMPUTERISED ACCOUNTING SYSTEM

and E-FILING OF TAX RETURN

Submitted by

Name of the Candidate : SHASWATA MALAKAR

Registration No : 145-1112-0001-19
Name of the College : Goenka College of Commerce & B.A.
University Roll No : 191145-21-0171
College Roll No : 556

Supervised by
Name of the Teacher : Dr. Surajit Dawn
Designation : Assistant Professor in Accountancy
Name of the College : Goenka College of Commerce & B.A.

Month & Year of submission

MAY- 2022
 Annexure- IA

Supervisor's Certificate
This is to certify that Mr. Shaswata Malakar a student of B.Com. Honours in
Accounting & Finance of Goenka College of Commerce & B.A. under the
University of Calcutta has worked under my supervision and guidance for his/her
Project Work and prepared a Project Report with the title COMPUTERISED
ACCOUNTING SYSTEM and E-FILING OF TAX RETURN which he/she is
submitting, is his/her genuine and original work to the best of my knowledge.

Place: Kolkata Signature:

Date: Name: Surajit Dawn
Designation: Assistant Professor
College: Goenka College of Commerce
and B.A.
Annexure- IB

Student's Declaration
I hereby declare that the Project Work with the title COMPUTERISED
ACCOUNTING SYSTEM and E-FILING OF TAX RETURN submitted by
me for the partial fulfilment of the degree of B.Com. Honours in Accounting &
Finance in Business under the University of Calcutta is my original work and has
not been submitted earlier to any other University
/Institution for the fulfilment of the requirement for any course of study.
I also declare that no chapter of this manuscript in whole or in part has been
incorporated in this report from any earlier work done by others or by me.
However, extracts of any literature which has been used for this report has been
duly acknowledged providing details of such literature in the references.

Place: Kolkata,
WB Signature:
Date: Name: Shaswata Malakar
Registration No.: 145-1112-0001-19
 ACKNOWLEDGEMENT
I take this opportunity to express my profound gratitude and deep regards to my
supervisor PARAG CHANDRA, Kolkata for his exemplary guidance, monitoring and
constant encouragement throughout the course of this project work. The blessing, help
and guidance given by him time to time shall carry me a long way in the journey of life
on which I am about to embark.
Lastly, I thank almighty, my parents, brother, sisters and friends for their constant
encouragement without which this assignment would not be possible.

Name: Shaswata Malakar

Registration No: 145-1112-0001-19
C.U. Roll No: 191145-21-0171
College Roll No: 556

TABLE OF CONTENT

Section Topic Page

i) Company creation 1-4

 ii) Ledger creation 5-7
Unit 1: Computerized iii) Voucher entry
Accounting system 8 - 21
iv) Generic accounting software –
advantages & limitations 22

i) Condition for compulsory e-filing

by individual 23

ii) Condition for using ITR 1 &

ITR 2 24

iii) Information required for online

ITR filing 25
Unit 2: E-filing of tax
return iv) Steps of Registration & e-filing of
ITR 26

v) Specimen copy of Form 10E &

Challan 280 29 – 32

vi) Filled in ITR 1 of given information

33 - 39

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UNIT 1: COMPUTERIZED
ACCOUNTING SYSTEM
I. COMPANY CREATION
 In tally, after login double click on the create company option under company

information.
 Go to Top Menu =>Company =>Create =>Enter

 The following screen displays the company creation window.

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 Directory: Directory means the data storage location; this is the place where tally

store all data you entered in tally prime. You can change it at your desired location
by typing it manually. For example, D:/Tally data
 Name: Update the name of company that identifies in Tally prime.

Primary Mailing Details

 Mailing Name: The mailing name of company will be automatically updated as per

the given name of company; however, the mailing name can be changed as per the
requirements.
 Address: Update the complete address details of company

 Statutory Compliance for: Choose the country name as India from the given list of

countries.
 State: Choose the state from the given list of states.

 Pin Code: Update the Pin Code of company, where it is located.

Contact Details

 Telephone No:  Fax no:

 E-Mail:  Website:

 Mobile No:

Books and Financial Year Details

 Financial Year From: Update the financial year starting date, all Indian companies’

financial year start from 1st April and ends on 31st March. Tally considers the 12
months from the date given for financial year. The financial year will be
automatically displayed on Tally system, if financial year starts in middle of year,
you can specify the exact date from here.
 Books beginning from: The date for Books beginning from can be changed, in case

of companies, which are incorporated in the middle of the year. If your company is
new, you can opt to start the books of accounts from the date of actual

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 establishment of the company (date of incorporation) but close books according to
the Financial Year as specified by you.

Security Control

 Tally Vault Password: This is for security purpose, By enabling this, Tally ERP9

Convert tally data in to encrypted format. Encryption means convert data from
recognized format to unrecognized format. By enabling Tally vault password, the
company data is secured in an encrypted form. The data is not accessible without
the password, if you lost the password that will be not recovered.
 Use Security Control: Enabling securing control helps only authorized users are

allowed to enter/edit/delete the vouchers on Tally.

Base Currency Information

 Base Currency Symbol: This the currency symbol of the country you have selected.

No need to change it if you are using the same currency for accounting.
 Formal Name: This is the formal name of the currency selected in the previous field

 Suffix Symbol to Amount: This data field will ask you whether currency symbol is

required for example: prior to amount like $ 750

 Add spaces between the amount and symbol: This is like $ 750, a space in

between currency symbol and amount

 Show amount in Millions: If we set this data field to Yes, Tally will display the

amount in millions that are in the Balance sheet or other reports.

 Number of decimal Places: Usually 2 decimal places are using, for using Paisa in
Indian currency we use 2 decimal places like Rs 59.12, Fifty-nine rupees twelve
Paisa.
 Word representing amount after decimal: This is used in printing, in Indian
currency decimal portion is said to be Paisa
 No of decimal places for amount in words: No of Decimal place for printing

amount in words: If you set this option 1 in Indian currency, when printing 75 Paisa.
prints seventy Paisa. if you set 2 then it will print second fraction like seventy-five
Paisa.

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 To save the details entered in company creation screen

 If you have entered all the details and after verifying it seems to be right, then you

have to accept the screen by pressing Enter and again Enter to accept and save the
details.

II. LEDGER CREATION

1. Go to Gateway of Tally > Create > type or select Ledger and press Enter.

2. Alternatively, press Alt+G (Go To) > Create Master > type or select Ledger and
press Enter.

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 Create Ledgers in Tally Prime

 Enter the Details: Write the Name of the ledger account. Duplicate names are not
allowed. For example- Purchase or Sales.
 Enter the Alias name: Alias is the nickname of the ledger account. It is not
necessary. You can access the ledgers using their official name or the alias name.

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 Select Group category: You need to select the group from the List of Groups. Press
ALT+ C to create a new group during this step. For example, Sales will come under
Sales Account or Central Tax under Duties & Taxes (Current Liabilities).
 Click >F12, and change GST, Bank and other details, if needed. Click >f11, Inventory
settings if you maintain accounts with inventory. Change Inventory values are
affected to Yes.

 Opening Balance: Entering the opening balance is needed when the ledger account
is an asset or a liability. Also, if a ledger has an opening balance as of the beginning
of books, the amount comes under this section.

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 Accept the Screen, as always you can use shortcut and Press> Alt+A to save.
You have successfully understood to Create Ledgers in Tally Prime.

Create Ledgers in Tally Prime

Create Ledgers in Tally Prime

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III. VOUCHER ENTRY

 Gateway of Tally > Alter > Voucher Type > type Sales Order > it will

open below mentioned screen.

View the Pre-Defined Voucher Types in TallyPrime

 Gateway of Tally > Chart of Accounts > type or select Voucher Type.

Alternatively, press Alt+G (Go To) > type or select Chart of
Accounts > Voucher Type.
The screen appears as shown below:

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 You can also go to Gateway of Tally > Alter > Voucher Type. Alter,
press Alt+G (Go To) > type or select Alter Master > Voucher Type.
The List of Voucher Types appears as shown below:

Define Voucher Numbering

You can select the required Method of voucher numbering from the
voucher type creation/alteration screen.

In this section

 Methods of voucher numbering

 Multi-user auto voucher numbering
 Restart voucher numbering

Methods of voucher numbering

1. Gateway of Tally > Alter > Voucher Type.

Alternatively, press Alt+G (Go To) > type or select Alter Master >
Voucher Type.

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 The Methods of Numbering list appears as shown below:

You can use any of the following methods of voucher numbering:

 Automatic: Select this if you want to automate the number for

vouchers.
 Enable Use advanced configuration to define the prefix and suffi x for
the voucher numbers.
 Automatic (Manual Override): Select this if you want to automate the
number for vouchers, and manually override the automated number,
if required. For example, if the voucher is auto-numbered as 10, you
can manually change it to 21. The next voucher number will be 22.
 You can set Prevent duplicates to Yes, to avoid duplicate voucher
numbers during entry. You can enable this option only if you have not
recorded any transactions using this voucher type.
 Manual: Select this to manually enter the voucher number in each
voucher.
 You can set Prevent duplicates to Yes, to avoid duplicate voucher
numbers during entry. You can enable this option only if you have not
recorded any transactions using this voucher type.
 Multi-User Auto: Select this option to enable the allotment of
subsequent voucher number in a multi-user environment.
 None: Select None to disable the voucher numbering.

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Multi-user auto voucher numbering

The multi-user auto voucher numbering feature works effectively in a

multi-user environment when multiple users are working on the same
company data and recording vouchers.

For example, let us consider three users – Mohan, Ram and Shyam. All of
them are trying to record a sales voucher. The voucher on each of their
system is numbered as 25. When Mohan saves the voucher first, his
voucher gets saved as 25. But when Ram and Shyam attempt to save the
voucher, the message “Voucher Number 25 already used! The new
number will be xx!” appears.

In order to eliminate this error message and avoid the re-acceptance of

the voucher, you can use the option of Multi-User Auto Voucher
Numbering. On enabling the Multi-user voucher numbering feature, the
voucher number appears as 25<Auto> for all the three users.

The bill-wise details screen and other relevant details will also be updated
as 25<Auto>.

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If the user mentions the voucher number in the Narration field, then on
saving the voucher entry, the number in the narration field will be
automatically altered to match the new voucher number.

Let us assume that Mohan saves the entry first. The assigned voucher
number 25<Auto> will be saved as 25 in the data. A confirmation message
indicating this will appear.

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The narration field will be updated accordingly:

The bill-wise details with the updated Bill name will appear as shown
below:

When Ram and Shyam saves the voucher, the voucher number 25 <Auto>
will be changed to the next available voucher number.

Note: The Multi-User Voucher Numbering is an extension of the

Automatic Numbering method. It hastening the process without errors.
However, this is applicable only in voucher creation and does not apply
in the case of insert or delete of vouchers.

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Restart voucher numbering

You can restart the numbering of your vouchers by entering the date from
which you want to restart the voucher numbers.

1. Gateway of Tally > Create/ Alter > Voucher Type.

Alternatively, Alt+G (Go To) > Create Master/Alter Master > Voucher
Type.
2. If you select the Method of Voucher Numbering as Automatic (Manual
Override), you can auto-number your vouchers, and also manually
override the auto-numbering when required.
3. Prevent duplicates: Set this option to Yes, to ensure unique voucher
numbers.

4. Set the option Use advanced configuration to Yes, to open the Voucher

Type Creation (Secondary) screen.

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5.

6. Starting Number: Enter the Starting Number as 1, if you want a fresh

batch of voucher numbers.
7. Enter the Restart Numbering as required.

8. Enter the Prefix Details and Suffi x Details as required.

Now you can easily record your transactions with a new series of
voucher numbers. The sales voucher appears as shown below:

Method of voucher numbering and impact on Edit Log

In TallyPrime Edit Log and TallyPrime Release 2.1 with Edit Log
enabled, whenever you change the Method of voucher numbering ,
TallyPrime displays the screen as shown below. 

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When the method of voucher number is changed , there is a possibility
that some vouchers will get renumbered . So, the Voucher No. in those
transactions get altered, which leads to the creation of an Edit Log for
those vouchers. 

Moreover, if you set Use advanced configurations as Yes and change the

Voucher Type configurations, then TallyPrime displays the message as
shown below.

Cre
ate Voucher Types

Based on your business needs, you can create the required voucher types
in TallyPrime by grouping them under the pre-defined voucher types.

In this section

 Sales voucher type

 Manufacturing Journal Voucher Type

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 Sales voucher type

1. Gateway of Tally > Create > Voucher Type.

Alternatively, Alt+G (Go To) > Create Master > Voucher Type.
2. Enter the Name of the voucher.
3. Select the type of voucher as Sales.
4. Enter the abbreviation in the Abbreviation field, if required.
5. Select the Method of voucher numbering from the Methods of
Numbering list, which appears as shown below:

Click here  for more information on the Methods of Numbering.

6. Enable Use effective dates for vouchers to enter the effective dates for
vouchers. This option is useful when you have recorded a transaction
on a particular date, but the voucher comes into effect only on a future
date. If the effective date is entered, the overdue/ageing will be
considered from the effective date and not from the voucher date.
7. Set the option Allow zero-valued transactions to Yes if required.
enabling this option will allow this voucher type to accept transaction
without any value.
8. Set the option Make this voucher type as ‘Optional’ by default to  Yes if
you want the voucher to open as an optional voucher by default.
9. Enable Allow narration in voucher to give a common narration for the
voucher.
10. Enable Provide narration for each ledger in voucher, if you want to give
a separate narration for each ledger selected in the voucher. This will
be useful when you want to provide specific details for each ledger.
For Delivery Note, Receipt Note, Sales Order, Purchase order, Physical
Stock, Stock Journal, Rejection In and Rejection Out, the option Provide
narrations for each ledger in voucher is not available.
11. Set this option Enable default accounting allocations to Yes, for all
item invoice (except for the items specified), if required.

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12. Enable Print voucher after saving to print every voucher immediately
after saving it.

If you want to know how to disable printing after saving the voucher
for a specific voucher type, then refer to Disable Print After Saving for
Voucher Types .

13. Set Use for POS invoicing to Yes to use the sales invoice as POS
invoice. If enabled for POS, set the Default title to print on invoice to
print the same title for POS invoice.
Note: You can not enable this option for default  Sales voucher type,
you need to create a new voucher type under  Sales to enable this
option.
14. Set Default title to print to Yes, to use the sales invoice default title
name to print.

15. Select the bank in Default bank option to print the default bank
ledger when the option Print Bank Details is enabled in a Sales
voucher.

16. Enter the Default jurisdiction to be printed on the invoice, if required.

17. Set Set/alter declaration to Yes, if required.

18. Create a voucher class in the Name of Class field, if required.

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19. Accept the screen. As always, you can press Ctrl+A to save.
The sales invoice recorded with this voucher type, by entering:
o A common narration appears as shown below:

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o Narration for each ledger, appears as shown below:

Disable Print Voucher After Saving Using Voucher Types

It may be possible that you print all the vouchers at the end of the day, or
there is a person who reviews all the Invoices recorded by a data entry
operator before printing. In such cases, you can disable the  Print
voucher after saving option in the voucher type.

Follow the path to enable or disable the Print voucher after saving option

for a specific voucher type.

1. Press Alt+G (Go To) > Alter Master > Voucher Type > type of select the

name of Voucher Type and press Enter.
Alternatively, Gateway of Tally > Alter > Voucher Type > type of select
the name of Voucher Type and press Enter.
The Voucher Type Alteration screen appears.
2. Set Print voucher after saving to No.

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Manufacturing Journal Voucher Type

Enable the option Use as a Manufacturing Journal while creating a

voucher type under Stock Journal as shown below:

Alter a Pre-defined Voucher Type

Pre-defined voucher types in TallyPrime can be altered to suit your

invoicing requirements.

1. Gateway of Tally > Alter > type or select Voucher Type > Sales.

Alternatively, Alt+G (Go To) > type or select Alter Master > Voucher
Type > Sales.
The Voucher Type Alteration screen appears as shown below:
2.

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 Set the options as needed and accept the voucher type. As always, you
can press Ctrl+A to save.

IV. ADVANTAGES AND LIMITATIONS

ADVANTAGES OR BENEFITS OF TALLY ERP 9

 Depending upon the needs of the small or large business groups alongside, its
different features make it a very useful software. It helps you to take your
decisions easily with its wide range of features.
 You can remote access your account with the help of Tally.NET.
 With various language support, it is convenient for a user to use it in his own
language.
 In the latest version, if your operating system shuts down suddenly due to
some reason your data won’t be lost.
 In the past year’s people used to manage their accounts manually, all the
complex calculations were done manually which had a high risk of error. But,
as we now use Tally it’s pretty simple and easy to use and comes with less risk
of errors.
 As it has numerous functions performing various tasks is made simple due to
this software. Especially in the case of GST.

LIMITATIONS OR DRAWBACKS OF TALLY ERP 9

 Retrieving the data after forgetting the user ID and password is a bit difficult.
Fewer, data security is also one of the disadantages.
 It is complex software for beginners to use. It lacks back office support for the
users who find some trouble using it.
 Backing up your data is also one of the issues users face while working with
Tally. You have to manually back up your data at someplace. It won’t do the
backing up by itself.
 It doesn’t allow you to open the same transaction sheet from various systems
on a single operating system. It’s a single window software.
 As Tally has upgraded itself year by year there is no major update made in it.
It has the same features as the ability to do some extra work.

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UNIT 2: E-FILING OF TAX
RETURN

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I) CONDITION FOR COMPULSORY E-FILING BY INDIVIDUAL
1) If an individual has assets outside India:

An Individual, being a resident and ordinary resident in India, shall file his return
of Income, even if his income does not exceed the maximum exemption limit, if
he:

a) Holds, as a beneficial owner or otherwise, any asset (including any financial

interest in any entity) located outside India

b) Has signing authority in any account located outside India

c) Is a beneficiary of any asset (including any financial interest in any entity)

located outside India.

2) If he deposits more than Rs. 1 crore in bank account

An Individual or HUF shall file his return of Income, even if income does not
exceed the maximum exemption limit, if he has deposited an amount (or
aggregate of amount) exceeding Rs. 1 crore in one or more current accounts
maintained with a banking company or a co-operative bank.

3) If foreign travel expense is more than Rs. 2 lakhs.

An Individual or HUF shall file his return of Income, even if income does not
exceed the maximum exemption limit, if he has incurred more than Rs. 2 lakh on
travel to a foreign country, either for himself or for any other person.

4) If electricity consumption is more than Rs. 1 lakh.

An Individual or HUF shall file his return of Income, even if income does not
exceed the maximum exemption limit, if he has incurred an expenditure
exceeding Rs. 1 lakh on electricity consumption.

5) If total sales, turnover or gross receipt of the business exceeds Rs. 60 lakhs
during the previous year.

6) If total gross receipt of profession exceeds Rs. 10 lakhs during the previous
year.

7) If the total of tax deducted and collected in case of a person during the
previous year is Rs. 25,000 or more (Rs. 50,000 in case of resident senior citizen).

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 8) If the aggregate deposit in one or more savings bank accounts of the person is
Rs. 50 lakhs or more during the previous year.

II) CONDITION FOR USING ITR 1 & ITR 2

ITR-1 can be filed by a Resident Individual whose:

 Total income does not exceed ₹ 50 lakh during the FY.

 Income is from salary, one house property, family pension income,
agricultural income (up to ₹5000/-), and other sources, which include:

i. Interest from Savings Accounts

ii. Interest from Deposits (Bank / Post Office / Cooperative Society)
iii. Interest from Income Tax Refund
iv. Interest received on Enhanced Compensation
v. Any other Interest Income
vi. Family Pension

 Income of Spouse (other than those covered under Portuguese Civil Code)
or Minor is clubbed (only if the source of income is within the specified
limits as mentioned above).

ITR-2 can be filed by individuals or HUFs who:

 Are not eligible to file ITR-1 (Sahaj).

 Do not have income from profit and gains of business or profession and also
do not have income from profits and gains of business or profession in the
nature of:

I. interest
II. salary
III. bonus
IV. commission or remuneration, by whatever name called, due to, or
received by him from a partnership firm

 Have the income of another person like spouse, minor child, etc., to be
clubbed with their income – if income to be clubbed falls in any of the
above categories.

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III) INFORMATION REQUIRED FOR ONLINE ITR FILING

Types of income on which tax is leviable:

 Income from Salary  Income from Capital Gain
 Income from House Property  Income from Other Source
 Income from Business &
Profession

List of documents required to file your Income Tax Return:

Form 16:
Form 16 is also known as the TDS (Tax Deducted at Source) Certificate. Form 16 is
the basis for filing income tax returns. Thus, Form 16 is the first form that should be
collected.
Salary slips:
For salaried taxpayers, it is important to keep the salary slip ready. The salary slip
consists of all the basic details related to the salary of an individual, including basic
salary, Dearness Allowance (DA), TDS amount, House Rent Allowances (HRA),
Travelling Allowances (TA), standard deductions, etc.
Form 26AS:
Form 26AS is also known as the annual consolidated statement, which contains all
tax-related information of the taxpayer. It also contains details of tax which is
deducted at source and details of advance tax. Form26AS is a very important
financial document required before filing ITR.
Form 16A:
Form 16A mentions TDS on interest income on fixed deposits. For instance, you will
receive a Form 16A when your bank will deduct TDS on your interest income
earned from Fixed Deposits, TDS on rent receipts, TDS on insurance commission, or
any other income which is liable for such deduction.
PAN card:
A PAN card is one of the most important documents that you should keep ready
with you. Your Permanent Account Number (PAN) acts as your identity proof and
has to be mentioned in your Income Tax Returns.
Aadhaar card:
Providing Aadhaar details is mandatory to successfully file your ITR. According to
section 139AA of the Income-tax Act, an individual is required to provide his/her
Aadhaar details while filing the return of your income.
Deductions under Section 80D to 80U:
Apart from the standard deductions under Section 80C, an individual can also claim
exemptions under Section 80D to 80U of the Income Tax Act.
Capital Gain Statement:

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 In case you have invested in shares, mutual funds, etc., you are required to collect a
capital gain statement.
IV) STEPS OF REGISTRATION & E-FILING OF ITR
Steps for Registration in Income Tax Website

Step 1: Visit the e-filing website https://www.incometax.gov.in/iec/foportal

Step 2: Register or Login to e-file your returns

 In case you have registered yourself on the portal earlier, click on the
‘Login’ Here’ button.
 In case you have not registered yourself on the portal, click on the
‘Register’ Yourself’ button.
Step 3: Click on ‘Taxpayer’ and then enter the details of your PAN and click on
‘validate’. Next, click on ‘Continue’.

Step 4: Provide details such as your name, address, gender, residential status, date
of birth, etc.

Step 5: Provide your Email ID and registered mobile number.

Step 6: Once the form has been filled up, click on ‘Continue’.

Step 7: You will have to verify the details following which a 6-digit One Time
Password (OTP) will be sent to your registered mobile number and Email address.

Step 8: Enter the OTP follow the instructions given to complete the registration
process successfully.

Step 9: Once the OTP has been verified, a new window will open where you will
have to verify the details provided by you. In case any detail given is incorrect, you
can change it, following which another OTP will be sent to validate the change.

Step 10: The final step will be set up a password and secure login message.

Step 11: Click on ‘Register’ following which you will receive an acknowledgment

message stating that the registration process has been completed successfully.

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Steps for E-Filing of ITR in Income Tax Website

Step 1. Go to the Income Tax e-Filing

portal, https://www.incometax.gov.in/iec/foportal/
Step 2. Login to e-Filing portal by entering user ID (PAN), Password, Captcha
code and click 'Login'.
Step 3. Click on the 'e-File' menu and click 'Income Tax Return' link.

Step 4. On Income Tax Return Page:

 PAN will be auto-populated

 Select 'Assessment Year'
 Select 'ITR Form Number'
 Select 'Filing Type' as 'Original/Revised Return'
 Select 'Submission Mode' as 'Prepare and Submit Online'

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Step 5. Click on 'Continue'
Step 6. Read the Instructions Carefully and Fill all the applicable and mandatory
fields of the Online ITR Form.

Note :
To avoid loss of data/rework due session time out, Click on ‘Save Draft’
button periodically to save the entered ITR details as a draft. The saved draft
will be available for 30 days from the date of saving or till the date of filing
the return or till there is no change in the XML schema of the notified ITR
(Whichever is earlier).

Step 7. Choose the appropriate Verification option in the 'Taxes Paid and
Verification' tab.
Choose any one of the following options to verify the Income Tax Return:

 I would like to e-Verify

 I would like to e-Verify later within 120 days from date of filing.
 I don't want to e-Verify and would like to send signed ITR-V through normal
or speed post to "Centralized Processing Center, Income Tax Department,
Bengaluru - 560 500" within 120 days from date of filing.
 Click on 'Preview and Submit' button, Verify all the data entered in the ITR.
 'Submit' the ITR.
 On Choosing 'I would like to e-Verify' option, e-Verification can be done
through any of the following methods by entering the EVC/OTP when asked
for.

 EVC generated through bank ATM or Generate EVC option under My

Account
 Aadhaar OTP
 Prevalidated Bank Account
 Prevalidated Demat Account

Note
On Choosing the 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.

 The EVC/OTP should be entered within 60 seconds else, the Income Tax
Return (ITR) will be auto-submitted. The submitted ITR should be verified
later by using 'My Account > e-Verify Return' option or by sending signed
ITR-V to CPC.
 To view the uploaded ITRs

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V) SPECIMEN COPY OF FORM 10E & CHALLAN 280
CHALLAN 280

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FORM 10E

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VI) FILLED IN ITR 1 OF GIVEN INFORMATION
Problem

Following is the information of Mr. S Bhadra son of S. K. Bhadra for the financial year
2020-21. PAN ABLPF5317M, Aadhaar no. 3837 4481 1639, DOB 08.03.1961, address
92, M G Road, Kolkata-70080, West Bengal, Mobile No. 8911963574, Email id
santanu@gmail.com, Resident individual, return filed u/s 139(1), type of return
Original, employee of a Govt. aided educational institution in Surya Sen Street,
Kolkata-700012, TAN of employer CALG04062C, PAN of employer PANNOTREQD.
Bank Account details: HDFC BANK, CAMAC STREET BRANCH, A/C NO. 96857456325,
Account type Savings, IFSC Code HDFC0000056
Date of Filing Return 25.07.2021, Place of Filing Return Kolkata.
The particulars of Mr. S Bhadra are as follows:
i) Income under the ‘salaries’ Rs. 16,15,196
ii) Interest on fixed deposits with SBI Rs. 42,000
iii) Interest on savings deposits with SBI Rs. 22,000
iv) Dividend from ITC Ltd. Rs. 12,000
v) Interest on NSC (including 6th year interest Rs. 2250) Rs. 8,250
vi) He made the following payments:
a) Premium paid on wife’s life insurance (Policy Value Rs. 84000) Rs. 9,000
b) NSC (VIII th issue) purchase Rs. 18,000
c) Donations to National Defence Fund Rs. 30,000
d) Interest on self-occupied house building loan Rs. 2,10,000
e) Medical insurance premium Rs. 52,000
f) Investment in NPS Rs. 32,000

You are requested to prepare his return for the assessment year 2021-22 using the

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appropriate ITR and under appropriate tax regime u/s 115 BAC.

Solution in ITR – 1 SAHAJ

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