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  • Writer's pictureShyam Singh

How 6 Useful Modules Are Making Genius Software Famous?


Inside View of SAG Infotech's Genius Filing Software


In the current landscape of taxation, individuals often find themselves confused when attempting to file their taxes online. This confusion stems from incomplete document preparation and the intricacies of various accounting tasks. In India, the government imposes a multitude of taxes, including income tax, service tax, TDS (Tax Deducted at Source), and wealth tax, among others.


Therefore, there is a pressing need for software that can streamline the process of e-filing multiple taxes simultaneously. Recognizing this need, SAG Infotech diligently researched and developed the Genius tax return filing software specifically tailored for Chartered Accountants (CAs) and professionals.


The Genius TDS and income tax return filing software is equipped with an array of features, including data backup, restoration, password settings, and others. Additionally, a user-friendly Help option is available to assist with any queries or issues that may arise. Notably, the software allows clients to effortlessly import master details from XML files, simplifying the filing process.


The Genius package offers a seamless and error-free method for e-filing, ensuring accurate submission of return forms. The installation fee for Genius is INR 12,000, with subsequent update charges of INR 6,000.


Introducing Genius software, designed to ease and reduce the stress associated with tax filing for individuals and businesses. Our software boasts flawless compliance with the latest tax laws and regulations, saving you both time and money. With its user-friendly interface, error-checking capabilities, and automated tax calculations, Genius is your trusted partner for hassle-free tax filing.


Types of Modules in Genius Tax Software


Gen BAL, Gen It, Gen CMA, Gen Form Manager, Gen e-TDS, and Gen Air are all included in the comprehensive model known as Genius. Additionally, it maintains a comprehensive database of clients, including their address book, phone book, partner information, and signatory information. Genius allows you to bill clients using this software.


Gen Income Tax Software


Gen IT has gained recognition as the swiftest tool for e-filing Income Tax. It is built upon the guiding principle, "For those who cannot afford to make mistakes," catering to your needs for e-filing Income Tax, Self Tax, and Advance Tax. This income tax software also offers the convenience of directly uploading Income Tax returns.


Gen IT Software features-

  • It is being utilised for the calculation of the Income from the assessment year 2000-01.

  • Through the usage of the tool, you are enabled to directly e-file the return and pay online challan.

  • It contains the return forms and different MIS reports.

  • The same furnishes an e-filing utility for the ITR forms 1, 2, 3, 4, 5, 6, and 7 which are available in XML format.

  • Utility to import and send the return forms, 26AS, acknowledgements, computations, AIS, and TIS.

  • It furnishes the utility to create and submit an online PAN correction form.

  • The same indeed provides the convenience of the verification of PAN online.

  • Automatically prepares the schedules and lists

  • ITD portal's mass verification of contact information

  • From your email address using the CPC Intimation Register, you may access all intimations made by the department.

  • Now, you may use the WhatsApp and email functions to transfer any Doc and PDF file.

  • There are options for e-verifying ITR using Aadhaar OTP or DSC.

  • E-filing of forms 10B, 29B, 29C, 10CCBBA, 10CCBC, 10CCBD, 10CCC, and 56FF

  • It provides various utilities like ERI for bulk e-filing and quick upload with ITD web services.

  • Difference of 26AS, TIS, and Computation

  • The summary report presents the pre-validation status of the bank account chosen for the refunds.

  • You are enabled to directly download XML/JSON files from the ITD Portal in the XML/JSON Import Facility.


Gen TDS/TCS Software


The Gen TDS Return Filing Software simplifies the process of online e-filing of Tax Deducted at Source (TDS) returns, adhering to compliance with all requirements of the Income Tax Department. This software allows users to easily file TDS returns online and provides quick acknowledgements. It has all India PIN codes, Service Tax ranges, STD codes, Tan/Pan AO codes, TIN FCs, MICR codes, IFSC codes, and Bank BSR codes necessary for TDS e-filing.


Key Features of Gen TDS Software:

  • It can be used for contact verification in bulk.

  • Allows import and export of data from MS Excel files.

  • Facilitates online TDS e-filing preparation and correction of the same.

  • Calculates salaries accurately.

  • Generates TDS certificates in PDF format.

  • Provides online PAN and TAN verification.

  • Enables convenient uploading of TDS e-returns.

  • Allows downloading of online requests using trace login.

  • Ensures compliance with Section 194P, 194A, and 194Q validation for modifications and additions.

  • Supports various forms such as 24, 26, 27, 27E, 24Q, 26Q, 26QA, 26QB, 27Q, 27EQ, 16, 16A, 16AA, 22, 27D, 12B, 12BB, 15G, 15H, 15CA and 15CB.

  • Under Sections 206AB, and 206CCA Feature Compliance Checking in Deductee Master.


Gen Balance Sheet Software


GEN Balance Sheet Software is an efficient tool that saves users time. It simplifies the process of preparing profit accounts, loss accounts, and balance sheets by automatically importing trial balances from various accounting software like Tally and Busy. This software also assists in calculating depreciation according to the IT Act, Companies Act, and Fixed Asset guidelines.


Important key features of Gen Bal Software:

  • Provides a Depreciation Chart based on Schedule II of the Companies Act 2013.

  • Enables direct import of master data from Tally.

  • Allows import and export facility in the Depreciation Chart.

  • This software is a quick report generator ensuring faster results.

  • Generates fresh audit reports adhering to ICAI guidelines.

  • Updates Tax audit reports as per the assessment year.

  • Offers the facility to import 3CD items in the Business Head section.

  • Assists in preparing company auditor reports account notes, CARO reports, director's reports, representation letters, etc.

  • Printing features for General Information, Balance Sheets, and profit and loss of general information.


Gen CMA/EMI Software


Gen CMA/EMI software simplifies the preparation of Credit Monitoring Arrangements (CMA) reports, which borrowers need to submit to banks for loan applications. The software allows users to prepare CMA reports based on a percentage or ratio basis, following the guidelines provided by the Tandon and Nair Committee. Additionally, it facilitates easy calculation of Equated Monthly Installments (EMI) and interest rates.


Key Features:


  • Prepares CMA data and MPBF calculations based on percentage and ratio basis, following the guidelines of the Tandon and Nayar Committee.

  • Calculates EMIs and interest rates accurately.


Gen Form Manager


Gen Form Manager is a highly efficient and successful software that provides access to a wide range of forms, agreements, and related documents. It offers an extensive collection of one thousand forms.


Key Features:


  • Includes a wide range of one thousand forms, including agreements, company law documents, gifts, company minutes, resolutions, and partnerships.

  • Allows users to create new forms and ensure timely updates to existing forms easily.

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