Income Tax Ready Reckoner

    Income Tax Ready Reckoner icon

    Income Tax Ready Reckoner

    by: 1.2K 8.2

    8.2 Users



    Income Tax Act of India provides many deductions, exemptions , various kinds of tax computation , time limitation for the tax payers and assessing officers, forms for application under different provisions . Therefore , both for tax payer and their counsels like chartered accountants and lawyers who practice tax , it is nightmarish experience to keep reminding themselves of important dates, provisions and forms.

    Income Tax Ready Reckoner in a mobile device would be great help to all those who are practicing tax . So, the concept of creating such a tax app hovered in the mind of Prashant Thakur , who took early VRS from income tax department and started practicing through his website . . Following modules are included in the app

    1. Fresh Tax Solution from
    2. More than 12 tax calculators like HRA exemption,House Property Income calculator , perquisite exemption , Long Term capital gains,Gratuity exemption calculator , Tax Residency Calculator,Agriculture Land calculator, Leave encashment exemption, retrenchment compensation tax exemption etc.
    3. Frequently asked question (FAQ) module on salary, house property,capital gains, business & profession,filing of return , withholding tax or TDS, appeal before CIT(A), Tribunal, High Court, AAR . These faqs are not just common question , but certain very typical questions on tax subjects.

    4. Tax charts for quick reference to various rules, forms , time limitation. For example ,you will get time limitation under Income Tax Act, Share Price as on 01/04/1981,exemptions, deductions,Income Tax Authorities, Penalties under I.T.Act , Various Forms

    5.The tax app has also big plan to help students who are pursuing Chartered Accountancy ,Company Secretary or Cost Management Accountancy course . So , they can brush up their knowledge through quizzes on various topics of direct tax paper. These quizzes are arranged topics based on the syllabus of these professional exams.
    6. Video - The users can watch the video listed on youtube explaining various issues under Income Tax Act.
    7. For general users , you can check the A.O code or get IFSC or MICR codes of various banks . You can do it all from this APP
    8.Tax professionals who practice require to make calls to various tax authorities. So , a telephone directory in the app itself is helpful for them. Income Tax Ready Reckoner app has included easy searchable telephone directory of

    9. The Tax Community module- a user of app can ask and answer to tax questions by clicking the Tax Community Forum link on the app.
    10. The Tax Calendar is based on google app . So , you will never forget the important deadline or whether there is holiday on a particular day.
    11. Income Tax Act , Income Tax Rule ebook . This will always be with you to read and refer teh provision of tax law.

    12. The News for Tax Pros- The app has a module under Tools which provides segregated news - on India Top news, Business News, Stock Market News , Corporate law , irsofficersonline and RBI news. Each one is segregated .

    Many more useful modules are going to be added .

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