Bizarre Prerana Software Solutions Pvt. Ltd, a Hyderabad based Software Solutions Provider is to launch an online software and CD titled PROFESSIONAL INFO & TDS-TIME for online and easy calculation of tax under TDS and Professional categories. To be launched in the first week of August, soon Prerana will be publishing a series of CDs on various aspects of these two categories.

                                  Considered as a single source ready reckoner on tax calculation, planning, deductions and filing returns it is developed as an outcome of problems and hardships faced by tax payers. The package contains information under various heads such as Professional Info, TDS Time, Non Residents, Online Calculations, Professional & TDS Calendar, Tax-Table(Rs 60,000 to 10 lakhs), IT Forms and Search Engine etc. Developed on latest software technology it promises to help people
calculate taxes and reduce problems, time, energy and effort. 

                                  The aim is not only to provide information on taxation and tax planning but also to enable taxpayers to prepare income tax returns online irrespective of the income limit. The user will be able to fill up the form online and print a ready-to-submit document. It is the endeavor of the Prerana to make people conscious about tax payment and compliance to the tax laws. Prerana’s idea is to make people to plan and assess their on their own. 

                                 Conceived and designed by Mr. B.R. Dayanand, a
retired IRS officer together with his team of Income Tax Professionals, Consultants, Chartered Accountants,  IIM  veterans  and High  Court Advocates. Developed after an exhaustive survey and research spanning several months by 30 member team, the package contains over 30 forms such as 15AA, 2A, 2C, 2D, 49A etc for ready down load. It also contains several circulars from Central Board of Direct Taxes(CBDT),laws, sections, rules on the categories mentioned for ready reference. It even contains referable judicial decisions, notifications etc. 

                           In a nutshell, such an informative tool addresses each and every need of the corporate and individual tax payers as well as their consultants on TDS and Professional categories . The comprehensiveness, orderly arrangements, outlining step by step procedural aspects and other heads is the essence of  the  package.  The  benefits  particularly  the   coporate tax payers reap are manifold as it provides information on various payments to be made. It identifies the payments (applying monitory limit), Tax Deductions or Collections at Source; helps in deducting or collecting approximate or exact tax; enables prompt deposit of tax into Government Account; enables  issuance of  deduction  certificate  and allows  to consolidate annual returns to be filed on due date. Thus, it saves the corporate houses the embarrassment of delay in tax filing ,remittances which subsequently lead to financial loss due to interest, levy of penalty or prosecution. Further the user can generate all the forms required to discharge his duty in a click of the mouse. He or she can also refer partial or full text of the relevant section, rule or law. They can also refer latest case laws of High Court and Supreme Court. Because of these benefits, the corporate managers, who are otherwise very busy, can not only save time, energy, effort and also utilize time and earn good name for the establishment.

                               Prerana in near future intends to bring out a series
of 20 independent CDs on specified professions under the IT Act. These professions include lawyers, doctors,engineers, architects, consultants, interior decorators, authorised representatives, company secretaries and film artists. Other professionals include Journalists, Information Technology professionals, Sports Persons, Fashion Designers and Teachers and Special Cases with deemed income such as civil contractors; plying, hiring or leasing or goods carriages and  retail  businessmen, it  will  soon  be instrumental cultivating tax culture and educating masses on prompt tax
payment.

                                   The package soon will be made available all over
India. It will be targeted to individual professionals mentioned above at a throwaway price. To be priced at Rs 500/- each for the CD, it will  be  a
real steal.
                

-1st August '00