The provision to define the compliance requirement irrespective of the nature of business makes this module a must for every organization. It helps in having a complete track of all the compliance to be done. The software throws alerts for the pending, overdue compliance status every time the user logins.
Estimated tax liability
Estimated tax liability shows the taxable amount with the estimated tax, as calculated with the percentage of the rate.
FINORB, as the name suggests, a Financial Orbit, is a special suit designed for all the financial needs under a single roof. The purpose is to reduce almost 60% of the operational work, which requires manual intervention. The automation and integration feature of FINORB has paved the path for achieving a faster and timely access to all Finances and Investments without the need of much manual interventions.
The software thus a complete package of asset to all the owners:
Icome Tax Related Reports
The user can estimate its tax liability through the system which helps in the payment of advance tax. It also helps in computing tax and providing details to the income tax office(long term/short term gain/loss) besides providing disallowance under section 94(7) / 94(8) of Income Tax Act.
Handling of Dividend and Bonus Stripping
FINORB provides information regarding disallowance under section 94(7) and 94(8) of Income Tax Act. The software generates quick report for disallowance under sections 94(7) and 94(8).
Long term and short term gains/losses
FINORB provides details reports of every transaction done for sale of shares, it also provides for the transaction details of the purchase with details of the date of purchase, purchase price for every sale transaction.
Many More to Follow...