The Finance Act, 2003 inserted a new provision namely Section 285BA in the Income Tax Act, 1961 which was later on substituted by the Finance (No.2) Act, 2004 w.e.f. 01st April 2005.

As per this provision, certain specified persons (filers) are required to file AIR in respect of specified financial transactions registered or recorded by them during a financial year (beginning on or after 01stApril, 2004).

The Central Board of Direct Taxes has vide Circular No. 07/2005 dated August 24, 2005 clarified that the persons filing the AIR should furnish only one return even if they have more than one branch.

It should be noted that an AIR is to be filed by specified persons for its entire activity as a single unit and not branch wise. For example, a bank must file a single AIR covering all its branches.

Thus, Relyon Softech Ltd has given birth to Saral AIR to fulfill the needs of the filers.

Maintaining Data’s and Generating AIR report is now easy and interesting with Saral AIR.

Saral AIR is the software for the Electronic Filing of Annual Information Returns as per the new provisions of income tax. It is simple, user-friendly and easy to use software which will function from the first minute.

To know more about Saral AIR, go through the features of the software and the best way is to download the trial pack.