Mumbai : Skorydov Systems Pvt. Ltd. has launched a new version of its already popular Form-16 software, which is widely used by corporate and professionals. The new version of this software offers a promising solution to the problem of signing the forms manually by giving an option to digitally sign the Forms as per prescribed rules of the Income-tax Department. An upgraded version of Digital Form-16 has become a necessity as the Income Tax Department brought a new bunch of amendments for facilitating the entire procedure. So, with this upgraded version, employers will be able to create a more accurate FORM16 which comply all the regulations of Income Tax Department, more efficiently and easily than ever. The new version is extremely user-friendly and it remarkably reduces the complexities that are usually associated with filing of income tax return.

Skorydov Digital Form-16 was introduced as early as 2007 in the market for helping business organizations to save their valuable time and efforts while filling up income tax forms manually. By digitalizing the entire procedure, Digital Form-16 literally initiated a revolution in this sphere. Interestingly, Skorydov is India’s first and only company to provide end to end [eTDS–Digital Form16–tax filing] solution to Companies and its employees.

The new version of Digital Form-16 software is powerful enough to generate digitally signed Form16 in new format for the employees of any corporate organization of any size. Also, several new features are introduced in the software and now there is a column for 80CCF in chapter VI-A. The Acknowledgement no. has been replaced by Receipt Number (provided by NSDL). This software is developed in line with the amendments introduced by the Income-tax department. This is the reason why it is trusted by the leading organizations in the country. Skorydov has the mandate to generate over 2 million Form16 every year.

It is easy to get started with this software. User needs to install the software first from the download section of its official website http://mytaxassistant.com/form16/ . When it is done, one can create a company. The good thing about this new version is that the user can create unlimited companies and FORM16. The user has three different options for entering the data into the software; Excel Sheet, Text file and FVU file. This software can generate above 5000 forms per hour and it can be operated easily by a single person. Another advantage of using this software is that the user can sign the generated FORM16 with a digital signature and distribute it safely among employees by e-mailing them using SMTP/Relay Server. To know more about the software functioning and e-filing system one can go through the presentation:
http://www.mytaxassistant.com/Downloads/f16/Form16_myITreturn_Presentation.pdf

It is to be noted that Skorydov has given the option to generate Digital Form16 through its popular software TDS Suite also. TDS Suite is complete TDS software through which employer can generate digitally signed TDS certificates of employees/vendors and can also file the quarterly regular and correction returns.