Outlook Money OLM - FEBRUARY 2018 | Page 35

CA-assisted tax filing If you are not computer savvy, most of these portals offer expert assisted tax filing service for a price. “Clients can upload their tax documents or send them to our support email. Our team will help to complete the filing based on the customer’s requirements, who can constantly chat with our CAs using the account dashboard,” says Suneel Dasari, CEO, EZtax.in. Once you register for any of these services, an expert is assigned to communicate over phone, email and chat. “Some of the high-end assisted packages provide full-year dedicated CAs,” says Sudhir Kaushik, co- founder and CFO, TaxSpanner.com. Vertika Kedia, co-founder, Tax2win.in, says that the platform’s eCA service is personalised and meticulous. “The CA reviews your documents and calls you to understand your income, investment and deductions to help you get maximum refunds. The documents are checked for accuracy and completeness,” she says. Everything is done to maximise deductions and earn TDS benefits. A detailed summary of income tax return is sent to the customer for approval before filing. Expert advice The portals offer expert advice on how to minimise your tax outgo and make the most of available deductions. “We do in-depth analysis of each client’s case after holding a discussion with the client to understand where we can save tax,” says Kedia. These websites provide comprehensive tax consultation services and in-built tax optimisers. Cleartax.in, for example, offers a dedicated ‘Ask an Expert’ plan where an expert will answer queries, assess cases and provide guidance on the proper course of action. EZtax offers a tax optimiser plan with a dedicated full-year access to chartered accountants. E-Filing Options I-T filing portal Self e-fil- CA-assisted ing charge packages (`) (`)* Foreign income solutions (`) Cleartax.in Free 799-2,199 3,599 Tax2win.in Free 399- 1,749 2,499 Allindiaitr.com 199 499-1,499 1,999 Taxspanner.com 249 499-2,999 2,999 *Plans range from basic plan to those with mutiple Form 16s, income from property and capital gains While most of these portals do not offer investing in tax saving instruments through their website, ClearTax has extended this service too. “On ClearTax Save, you can invest in tax-saving mutual funds with zero investment fees. It is a paperless process and takes the investor only seven minutes to pick a fund and invest. Our experts ensure that we offer handpicked, best performing funds,” says Archit Gupta, founder and CEO, ClearTax. content. You can also file your return on-the-go without losing any of the versatility that is available on a full-fledged website,” says Vikas Dahiya, founder and CEO, All India ITR. These portals also ensure that your data is safe from security breaches. “Our site provides uncompromising security including 256-bit encryption, privacy filing concept and end-point encryption,” says Dasari. Go online One should decide on using a tax filing website/app depending on the complexity of the returns. “Someone with only a salary income with capital gains can use a web-portal for filing. In case there is income from property or business that involves knowledge of treatment of income/loss setting off from previous years, it’s better to use the CA-assisted option, or let a CA do the entire process,” says Nehal Merchant, partner, Venn Wealth, a financial advisory firm. These portals offer assistance for your doubts through chat, emails and toll-free numbers. “Our team is well equipped to handle queries. During the tax filing season, we scale up our support capabilities.” says Gupta. “When tax filing peaks, we update helpful tips every hour and provide free live chat facility,” says Kedia. Traditionally, CAs came to the rescue of taxpayers. Now e-filing is catching up. “With increasing penetration of the Internet and convenience reasons, tax filing portals are gaining popularity,” says chartered accountant Nikhil Jain of Nikhil L Jain & Co. These portals offer convenient services at every step—preparation, filing, assessment, scrutiny, liaison, rectification, and refund. Also, the user interface of these websites and apps makes the filing process easy. “ClearTax is intuitively designed for first-time taxpayers to file returns without any external help. Also, when you file return the next year, your personal details like permanent address and contact number get auto-filled,” says Gupta. Many of these portals also have apps. “The app is quicker, easier to navigate, with lesser but specific Which one for you? [email protected] www.outlookmoney.com February 2018 Outlook Money 35