Description:TECHNICAL FIELD
[0001] The present disclosure generally relates to the field of preparing tax returns. In particular, the present disclosure pertains to online methods and systems that enable vendors/service providers collecting government mandated taxes through invoices to prepare tax returns for submissions to tax authorities by taking confirmation from them through secure messaging apps.

BACKGROUND
[0002] Background description includes information that may be useful in understanding the present invention. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed invention, or that any publication specifically or implicitly referenced is prior art.

[0003] Many types of taxes have been mandated by tax authority/tax authorities. Some of these pertain to direct tax and other pertains to indirect tax. Direct taxes are required to be rendered by the individual or organization or institution directly to tax authorities whereas indirect taxes are collected by vendors or service providers or other agencies on behalf of tax authority and then remitted to tax authority. Revenue generated by taxing public and organization provide government with necessary resources to undertake social and development activities and fulfill their planned and unplanned infrastructure development and projects. Taxes not collected and/or taxes collected and not deposited with tax authority are a major cause for loss of government revenue. A cumbersome tax remitting system can allow dishonest vendors to cheat government and dissuade even honest vendors to slip up or indefinitely delay remitting of tax collected by them. Therefore, it is essential that a simple mechanism be provided which allows tax collectors to remit the tax collected on behalf of tax authority in a simple and secure manner. Tax evasion also happens because government machinery is unable to monitor and ensure compliance. Therefore, it is important to monitor that the tax collected by all tax collectors is remitted to tax authority in reasonable or specified time period. Tax remittance is accompanied by the activity of preparing tax return statements which needs to filed with tax authorities.

[0004] There is therefore a need for a simple, reliable and efficient method and system that can allow vendors to prepare tax return statements and remit tax to tax authority.

[0005] All publications herein are incorporated by reference to the same extent as if each individual publication or patent application were specifically and individually indicated to be incorporated by reference. Where a definition or use of a term in an incorporated reference is inconsistent or contrary to the definition of that term provided herein, the definition of that term provided herein applies and the definition of that term in the reference does not apply.

[0006] In some embodiments, the numbers expressing quantities of ingredients, properties such as concentration, reaction conditions, and so forth, used to describe and claim certain embodiments of the invention are to be understood as being modified in some instances by the term “about.” Accordingly, in some embodiments, the numerical parameters set forth in the written description and attached claims are approximations that can vary depending upon the desired properties sought to be obtained by a particular embodiment. In some embodiments, the numerical parameters should be construed in light of the number of reported significant digits and by applying ordinary rounding techniques. Notwithstanding that the numerical ranges and parameters setting forth the broad scope of some embodiments of the invention are approximations, the numerical values set forth in the specific examples are reported as precisely as practicable. The numerical values presented in some embodiments of the invention may contain certain errors necessarily resulting from the standard deviation found in their respective testing measurements.

[0007] As used in the description herein and throughout the claims that follow, the meaning of “a,” “an,” and “the” includes plural reference unless the context clearly dictates otherwise. Also, as used in the description herein, the meaning of “in” includes “in” and “on” unless the context clearly dictates otherwise.

[0008] The recitation of ranges of values herein is merely intended to serve as a shorthand method of referring individually to each separate value falling within the range. Unless otherwise indicated herein, each individual value is incorporated into the specification as if it were individually recited herein. All methods described herein can be performed in any suitable order unless otherwise indicated herein or otherwise clearly contradicted by context. The use of any and all examples, or exemplary language (e.g. “such as”) provided with respect to certain embodiments herein is intended merely to better illuminate the invention and does not pose a limitation on the scope of the invention otherwise claimed. No language in the specification should be construed as indicating any non-claimed element essential to the practice of the invention.

[0009] Groupings of alternative elements or embodiments of the invention disclosed herein are not to be construed as limitations. Each group member can be referred to and claimed individually or in any combination with other members of the group or other elements found herein. One or more members of a group can be included in, or deleted from, a group for reasons of convenience and/or patentability. When any such inclusion or deletion occurs, the specification is herein deemed to contain the group as modified thus fulfilling the written description of all Markush groups used in the appended claims.

OBJECTS OF THE INVENTION

[0010] An object of present disclosure is to provide an online portal that enables vendors to prepare invoice to their customers.

[0011] Another object of present disclosure is to provide an online portal that enables vendors to prepare their tax return statements based on collection of invoice prepared through their system.

[0012] Another object of present disclosure is to provide a scheduler which can initiate the process of automated preparation of tax return statements through confirmation from the vendors in their secure messaging apps.

SUMMARY
[0013] Aspects of the present disclosure generally relate to the field of invoice preparation system wherein the said invoice preparation system comprises: a processor in combination with memory and input devices operationally connected with the said processor; a plurality of business profile templates; a business profile database prepared by combination of said business profile templates and taking inputs from the business owner through the use of input devices at the time of creation of business profile; a plurality of invoice templates, and a invoice database prepared by combination of said invoice template based on a business profile and taking inputs from the business owner through the use of input devices, wherein invoice is generated by the processor by combining the data from business profile template, invoice template and applicable tax structure based on said business profile, the said invoice is stored in invoice database. The business profile template database can reside in a dedicated server, cloud based system, standalone computing platform, or user mobile application.

[0014] In as aspect of the present invention the system enables displaying the said business template and getting user inputs can be implemented on server, standalone computer, smartphone app or on cloud based environment. The said business profile is generated for the business owner taking all inputs necessary to prepare tax returns in conjunction with other data which is required for validation from government authorities. The said invoice template is selected from a plurality of invoice templates stored in the system based on the domain of the Business and applicable tax structure. The System of displaying the said invoice template and getting user inputs can be implemented on server, standalone computer, and smartphone app or on cloud based environment.

[0015] In a yet another aspects of the present disclosure generally relate to the field of tax return preparation system wherein tax return preparation and filing system comprises: a processor in combination with memory and input devices operationally connected with the said processor; a tax return template database operationally connected with the said processor; a business profile database operationally connected with the said processor, comprising business Profile for the Business Owner having data necessary to prepare tax returns in conjunction with other data which may be required for validation from government authorities; an invoice database operationally connected to the said processor prepared on the basis of business profile and other data, and a user verifying module to verify the prepared tax return and to provide One Time Password (OTP) for submitting the return on official website; a validation module to validate the entries in the tax return prepared, Wherein tax return is generated by the processor by combining the data from said tax return template, business profile, invoice data and validating the data at government portal, said tax return stored in tax return database.

[0016] In a yet another aspects of the present disclosure may generally relate to the field of tax return preparation system wherein the said tax return preparation system comprises: a processor in combination with memory and input devices operationally connected with the said processor; a tax return template database operationally connected with the said processor; a business profile database operationally connected with the said processor, comprising business Profile for the Business Owner having data necessary to prepare tax returns in conjunction with other data which may be required for validation from government authorities; a invoice database operationally connected to the said processor prepared on the basis of business profile and other data, and a validation module to validate the entries in the tax return prepared, wherein tax return is generated by the processor by combining the data from said tax return template, business profile , invoice data and validating the data at government portal, said tax return is stored in tax return database.

[0017] In an aspect of the present invention the said tax return template database can reside in a dedicated server, cloud based system, standalone computing platform, or user mobile application. Displaying the tax return template and getting user inputs can be implemented on server, standalone computer, smartphone app or on cloud based environment. The said system fetches business profile from the business database, fetch a tax return template based on business profile, fetch all invoice from the invoice database corresponding to a business profile, prepare the tax return, send details for user verification, validate the data and perform authentication on the tax authority portal and generate tax return and submit the same with tax Authority portal. The said user verifying module is an arrangement of interaction between the user and the system via chat messenger. Thereafter the said system send the invoice details and tax return to the user on a chat messenger to which the user confirms. The said system login’s on the website of the tax department website and request the user for OTP for authentication on chat based messenger. The said system submits the return on the website of the tax department and request the user for OTP for authentication on chat based messenger, wherein the said chat messenger is preferably WhatsApp.

BRIEF DESCRIPTION OF THE DRAWINGS
[0018] The accompanying drawings are included to provide a further understanding of the present disclosure, and are incorporated in and constitute a part of this specification. The drawings illustrate exemplary embodiments of the present disclosure and, together with the description, serve to explain the principles of the present disclosure.

[0019] Fig. 1 illustrates an exemplary architecture of invoice preparation system in accordance with an embodiment of the present disclosure.

[0020] Fig. 2 illustrates an exemplary flow diagram of the implementation of a Invoice preparation method.

[0021] Fig. 3 illustrates an exemplary architecture of tax return preparation system in accordance with an embodiment of the present disclosure.

[0022] Fig.4 illustrates an exemplary architecture of a scheduler based system showing the connectivity with user smartphone application, tax return preparing system in accordance with an embodiment of the present disclosure.

[0023] Fig. 5 illustrates an exemplary flow diagram of the implementation of a tax return preparation method implemented by the said tax return preparation system.

DETAILED DESCRIPTION
[0024] Aspects of the present disclosure generally relate to the field of tax return preparation system and filing system. In particular, the present disclosure pertains to methods and systems that enable vendors/service providers or any other entities/professionals/agencies to prepare tax returns and submit with government authority portals in coordination with the said vendors mobile authentications.

[0025] In the following description, numerous specific details are set forth in order to provide a thorough understanding of embodiments of the present invention. It will be apparent to one skilled in the art that embodiments of the present invention may be practiced without some of these specific details.

[0026] Embodiments of the present invention include various steps, which will be described below. The steps may be performed by hardware components or may be embodied in machine-executable instructions, which may be used to cause a general-purpose or special purpose processor programmed with the instructions to perform the steps. Alternatively, steps may be performed by a combination of hardware, software, and firmware and/or by human operators.

[0027] Embodiments of the present invention may be provided as a computer program product, which may include a machine-readable storage medium tangibly embodying thereon instructions, which may be used to program a computer (or other electronic devices) to perform a process. The machine-readable medium may include, but is not limited to, fixed (hard) drives, magnetic tape, floppy diskettes, optical disks, compact disc read-only memories (CD-ROMs), and magneto-optical disks, semiconductor memories, such as ROMs, PROMs, random access memories (RAMs), programmable read-only memories (PROMs), erasable PROMs (EPROMs), electrically erasable PROMs (EEPROMs), flash memory, magnetic or optical cards, or other type of media/machine-readable medium suitable for storing electronic instructions (e.g.,computer programming code, such as software or firmware).

[0028] Various methods described herein may be practiced by combining one or more machine-readable storage media containing the code according to the present invention with appropriate standard computer hardware to execute the code contained therein. An apparatus for practicing various embodiments of the present invention may involve one or more computers (or one or more processors within a single computer) and storage systems containing or having network access to computer program(s) coded in accordance with various methods described herein, and the method steps of the invention could be accomplished by modules, routines, subroutines, or subparts of a computer program product.

[0029] Exemplary embodiments will now be described more fully hereinafter with reference to the accompanying drawings, in which exemplary embodiments are shown. This invention may, however, be embodied in many different forms and should not be construed as limited to the embodiments set forth herein. These embodiments are provided so that this disclosure will be thorough and complete and will fully convey the scope of the invention to those of ordinary skill in the art. Moreover, all statements herein reciting embodiments of the invention, as well as specific examples thereof, are intended to encompass both structural and functional equivalents thereof. Additionally, it is intended that such equivalents include both currently known equivalents as well as equivalents developed in the future (i.e., any elements developed that perform the same function, regardless of structure).

[0030] Thus, for example, it will be appreciated by those of ordinary skill in the art that the diagrams, schematics, illustrations, and the like represent conceptual views or processes illustrating systems and methods embodying this invention. The functions of the various elements shown in the figures may be provided through the use of dedicated hardware as well as hardware capable of executing associated software. Similarly, any switches shown in the figures are conceptual only. Their function may be carried out through the operation of program logic, through dedicated logic, through the interaction of program control and dedicated logic, or even manually, the particular technique being selectable by the entity implementing this invention. Those of ordinary skill in the art further understand that the exemplary hardware, software, processes, methods, and/or operating systems described herein are for illustrative purposes and, thus, are not intended to be limited to any particular named.

[0031] The following is a detailed description of embodiments of the disclosure depicted in the accompanying drawings. The embodiments are in such detail as to clearly communicate the disclosure. However, the amount of detail offered is not intended to limit the anticipated variations of embodiments; on the contrary, the intention is to cover all modifications, equivalents, and alternatives falling within the spirit and scope of the present disclosure as defined by the appended claims.

[0032] Each of the appended claims defines a separate invention, which for infringement purposes is recognized as including equivalents to the various elements or limitations specified in the claims. Depending on the context, all references below to the "invention" may in some cases refer to certain specific embodiments only. In other cases it will be recognized that references to the "invention" will refer to subject matter recited in one or more, but not necessarily all, of the claims.

[0033] Various terms as used herein are shown below. To the extent a term used in a claim is not defined below, it should be given the broadest definition persons in the pertinent art have given that term as reflected in printed publications and issued patents at the time of filing.

[0034] In an embodiment of the present disclosure as shown in Fig. 1 wherein such system can include an invoice preparation system comprising: a processor in combination with memory and input devices operationally connected with the said processor; a plurality of business profile templates; a business profile database prepared by combination of said business profile templates and taking inputs from the business owner through the use of input devices at the time of creation of business profile; a plurality of invoice templates, and a invoice database prepared by combination of said invoice template based on a business profile and taking inputs from the business owner through the use of input devices, wherein the invoice is generated by the processor by combining the data from business profile template, invoice template and applicable tax structure based on said business profile, the said invoice is stored in invoice database.

[0035] According to one embodiment, invoice preparation system can allow the business profile template database to reside in a dedicated server, cloud based system, standalone computing platform, or user mobile application.

[0036] According to one embodiment, invoice preparation system can allow the said invoice preparation system to displaying the said business template and getting user inputs be implemented on server, standalone computer, smartphone app or on cloud based environment.

[0037] According to one embodiment as shown in Fig. 2, the invoice preparation system can allow the generation of said business profile to be generated for the business owner taking all inputs necessary to prepare tax returns in conjunction with other data which is required for validation from government authorities.

[0038] According to one embodiment, invoice preparation system can allow the invoice template to be selected from a plurality of invoice templates stored in the system based on the domain of the Business and applicable tax structure.

[0039] According to one embodiment, invoice preparation system can allow the system of displaying the said invoice template and getting user inputs to be implemented on server, standalone computer, smartphone app or on cloud based environment.

[0040] According to one embodiment, invoice preparation system can allow invoice preparation and generates the invoice and sends a copy to the business owner for verification.

[0041] According to one embodiment, invoice preparation system can allow invoice preparation and generates the invoice based on certain queries on which the business owner gives confirmation.

[0042] In an embodiment of the present disclosure as shown in Fig. 3 wherein such system can enable a tax return preparation and filing system comprising: a processor in combination with memory and input devices operationally connected with the said processor;
a tax return template database operationally connected with the said processor; a business profile database operationally connected with the said processor, comprising business Profile for the Business Owner having data necessary to prepare tax returns in conjunction with other data which may be required for validation from government authorities; an invoice database operationally connected to the said processor prepared on the basis of business profile and other data, and a user verifying module to verify the prepared tax return and to provide One Time Password (OTP) for submitting the return on official website; a validation module to validate the entries in the tax return prepared, Wherein tax return is generated by the processor by combining the data from said tax return template, business profile, invoice data and validating the data at government portal, said tax return stored in tax return database.

[0043] According to one embodiment, tax return preparation system can allow tax return template database to reside in a dedicated server, cloud based system, standalone computing platform, or user mobile application.

[0044] According to one embodiment, tax return preparation system can allow displaying the tax return template and getting user inputs can be implemented on server, standalone computer, Smartphone app or on cloud based environment.

[0045] According to one embodiment as shown in Fig.5, the tax return preparation system can allow said system to fetch business profile from the business database, fetch a tax return template based on business profile, fetch all invoice from the invoice database corresponding to a business profile, prepare the tax return, send details for user verification, validate the data and perform authentication on the tax authority portal and generate tax return and submit the same with tax Authority portal.

[0046] According to one embodiment the said user verifying module is an arrangement of interaction between the user and the tax return and filing system via chat messenger.

[0047] According to one embodiment the said tax return preparation and filing system sends the invoice details and tax return to the user on a chat messenger to which the user confirms.

[0048] According to another embodiment the the said system login’s the website of the tax department website and request the user for OTP for authentication on chat based messenger.

[0049] According to another embodiment the said system submits the return on the website of the tax department and request the user for OTP for authentication on chat based messenger.

[0050] According to another embodiment the said chat messenger is preferably WhatsApp.

[0051] Figure.6 shows the screen layout of the present system showing various fields where information can be inputted. After taking inputs from the business owner the system starts all the internal operations as defined earlier. Similarly Figure.7 and Figure 8 shows the whatsapp screen wherein the system interacts with the Business owner for providing their confirmation. Upon receiving their confirmation the system performs all the computing task and prepares the return and accordingly proceeds to file the same in Tax Authority Portal.

[0052] While the foregoing describes various embodiments of the invention, other and further embodiments of the invention may be devised without departing from the basic scope thereof. The scope of the invention is determined by the claims that follow. The invention is not limited to the described embodiments, versions or examples, which are included to enable a person having ordinary skill in the art to make and use the invention when combined with information and knowledge available to the person having ordinary skill in the art.

ADVANTAGES OF INVENTION

[0053] An online tax portal of the present disclosure allows interaction with vendors and enables such vendor to prepare invoice to their customers.

[0054] An online tax portal of the present disclosure allows interaction with vendors and enables such vendor to prepare their tax return statements based on collection of invoice prepared through their system.

[0055] An online tax portal of the present disclosure allows interaction with vendors and enables such vendor to provide a scheduler which can initiate the process of automated preparation of tax return statements through confirmation from the vendors in their secure messaging apps.
, Claims:We Claim:

1. A tax return preparation and filing system comprising:
a processor in combination with memory and input devices operationally connected with the said processor;
a tax return template database operationally connected with the said processor;
a business profile database operationally connected with the said processor, comprising business Profile for the Business Owner having data necessary to prepare tax returns in conjunction with other data which may be required for validation from government authorities;
an invoice database operationally connected to the said processor prepared on the basis of business profile and other data, and
a user verifying module to verify the prepared tax return and to provide One Time
Password (OTP) for submitting the return on official website;
a validation module to validate the entries in the tax return prepared,
Wherein tax return is generated by the processor by combining the data from said tax return template, business profile, invoice data and validating the data at government portal, said tax return stored in tax return database.

2. A tax return preparation and filing system as claimed in claim 1, wherein the tax return template database can reside in a dedicated server, cloud based system, standalone computing platform, or user mobile application.

3. A tax return preparation and filing system as claimed in claim 1, wherein displaying the tax return template and getting user inputs can be implemented on server, standalone computer, smartphone app or on cloud based environment.

4. A tax return preparation and filing system as claimed in claim 1, wherein the said system fetches business profile from the business database, fetch a tax return template based on business profile, fetch all invoice from the invoice database corresponding to a business profile, prepare the tax return, send details for user verification, validate the data and perform authentication on the tax authority portal and generate tax return and submit the same with tax Authority portal.

5. A tax return preparation and filing system as claimed in claim 1, wherein the said user verifying module is an arrangement of interaction between the user and the system via chat messenger.

6. A tax return preparation and filing system as claimed in claim 1, wherein the said system send the invoice details and tax return to the user on a chat messenger to which the user confirms.

7. A tax return preparation and filing system as claimed in claim 1, wherein the said system login’s on the website of the tax department website and request the user for OTP for authentication on chat based messenger.

8. A tax return preparation and filing system as claimed in claim 1, wherein the said system submits the return on the website of the tax department and request the user for OTP for authentication on chat based messenger.

9. A tax return preparation and filing system as claimed in claim 6, wherein the said chat messenger is preferably WhatsApp.

10. A tax return preparation and filing method comprising:
a processor in combination with memory and input devices operationally connected with the said processor;
a tax return template database operationally connected with the said processor;
a business profile database operationally connected with the said processor, comprising business Profile for the Business Owner having data necessary to prepare tax returns in conjunction with other data which may be required for validation from government authorities;
an invoice database operationally connected to the said processor prepared on the basis of business profile and other data, and
a user verifying module to verify the prepared tax return and to provide One Time
Password (OTP) for submitting the return on official website;
a validation module to validate the entries in the tax return prepared,
Wherein tax return is generated by the processor by combining the data from said tax return template, business profile, invoice data and validating the data at government portal, said tax return stored in tax return database.