Industrial Training Presentation

(In Partial Fulfillment of the degree of B.Tech.)

Project Undertaken at
Punjab Communications Limited
Mohali

Submitted By:
PRASHANT SHARMA
Roll No.162 / 03

D.A.V. Institute Of Engg. and Tech.

Jalandhar
Introduction To
PUNCOM’s mission is to provide
technologically superior products and
services of high quality, on time, cost
effectively and consistently to achieve
Customer Satisfaction. One of India's
premier equipment integrator and
assembler in the field of
Telecommunication and Information
Technology for over two decades
(incorporated in 1981), Punjab
Communications Limited (PUNCOM), a
Punjab State Government Undertaking has
successfully implemented a range of
Online Income Tax Return
Filing System
Online Income Tax Return filing
System fulfills the needs of
following Users:

 Administrator
 Assessee
 On-line Consultant
Objective
 To evolve a system which is fully
computerized.
 To minimize manpower requirement
thus achieving optimum cost
effectiveness.
 To reduce space requirement for
storage and operations of the system.
 To provide file security against all types
of loss.
PROGRAMMING LANGUAGES
AND DEVELOPMENT TOOLS

 Windows Xp
 ASP .NET
 MICROSOFT SQL SERVER
Administrator
Administrator is user which is created for
administration purposes by C.B.D.T.

 View & modify current Tax Rules

 Inform the user about new/modified Acts
ASSESSEE
Assessee is the main user who wants to file
his/her Income Tax Return. Assessee can
perform the following tasks
 Assessee is allowed to create an Account.

 Assessee can file his/her Income Tax Online.

 Assessee can ask the queries online.

On-Line Consultant
On-line Consultant is user which
solves the online queries of the
user about tax laws. Tasks it can
perform are :-
 View queries posted by users.

 Provide the solution to queries.

Sources Income Tax Law
This act came into force on 1st April 1962.
Every year it undergoes numerous
changes. Various Instruments of Tax
Law:-

 Finance Act.
 Income tax Rules.
 Circulars And Notifications.
 Case Law.
Existing System
 Manual Operation of the
System
 Physical Storage of files
 Physical transfer of files
 Processing of file for
generating reports
 Decision making delays
Types Of Assessee
 Individual
 Hindu Undivided Family
 Company
 Association Of Persons
 Body of Individual
 Local Authority
 Artificial Persons
Income Chargeable To Tax
 Income From Salaries.
 Income From House property.
 Income From Business.
 Income From Capital Gains.
Income From Salaries
Parts of Salary Chargeable To Tax
 Basic Salary
 Gratuity
 Leave Salary
 Annuity
 Retrenchment Compensation
 Allowances
 Perquisites
 Provident Fund
Deductions From Salary
 Standard Deduction
 Entertainment Allowance
 Professional Tax
Income From House Property
Tax On the Income From House Property depends
on category of House Property:-
 Property which is let out.
 Self Occupied Property.
 Self Occupied Property but not Occupied.
 Occupied by Co-owners.
Deductions
 Pre-Construction Interest
 Municipal Taxes
Income From Business or Profession
Speculation Business

Admissible Deductions :-
 Rent, Rates, Repairs and Insurance of Buildings
 Repairs and insurance of Machinery
Income From Capital Gains
Any profit or Gain Arising From the transfer
of capital asset effected in the previous
year.

Types of Capital Gains

 Short term Capital Gain (less than 3 Years)
 Long Term Capital Gain (more than 3 Years)
 CONSULT
ANT

Answer to query

Queries
User
Name
&
Passw
ord
Authori
zation

Tax
details
&
credit
card no
Transa
ction
ID &
Detail

User’s
Querie

CONTEXT DIAGRAM
s
SYSTEM
ASSESSEE

Answer
s to
queries
ONLINE INCOME TAX RETURN FILING

CENTRAL
Revised Rules

Tax Record

BOARD
OF
DIRECT
TAXES
(CBDT)
 Registratio
Personal Info

User

n
Password

Queries
User’s Queries
Answers

Online
Solution to queries

SULT
ONLI

CON
Help

ANT
ASSESSEE

NE
Tax Details
Calculation
Wizard
Tax

Computed Tax
Tax Details

DIRECT TAXES (CBDT)

Tax Filing

CENTRAL BOARD OF
Money Transaction Tax Details
 BDT

Business Details
Compute Capital Gain
Taxabl
e
Capital
Gain
Comput

House Income Details

e Compute
Capital Total

Salary Details
Gain Taxabl
taxable
e
Income
Busine
ss
Comput Income
e
Busines Taxabl
s e
Tax Record

Salary

Comput
e House
Income
Taxabl
e
Salary

Comp
ute
Salar
y
 s to
queries
ONLI
NE
CON
SULT
ANT

ASSESSEE
Q
UERI
RES

Queries & Email

DATA
BASE
Queries & User Info

ONLINE
HELP

CONS
ULTA

DFD ONLINEHELP
NT
User Registration Form
Salary Income Details
Form