architgupta
Joined 16 years ago
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Comment · 11 years ago
It is great for us. Better APIs, more stability, clear wind behind our backs for a more digitization, more tax payers, more transparency, no middlemen, more things in white.
The Government software isn't very simple to use if you have switched jobs, have HRA to claim, or have more deductions than you have declared to the employer.
Many people miss out on deductions (such as 80TTA) which we automatically account for.
Plus we reduce data entry mistakes, and the other things I pointed out in the original comment.
Comment · 11 years ago
Archit from ClearTax here. We are working very hard on creating a new product for freelancers and businesses.
Following is for the freelancer / business scenario:
We have to invent the interfaces, the design language, while making sure people can deal with tax concepts and pay appropriate tax. There are difficult concepts like depreciation which need careful handling.
Our freelancer / smb version of taxes will dramatically simplify life for self preparation.
Imagine an ITR-4S equivalent for freelancers which we are creating.
Note that a good CA can help you and come out ahead of software because of the complexity involved. But we hope to make software good enough for the services industry.
By the way, we are the makers of TaxCloudIndia.com which has 10K+ CA firms using our software. We have some of the largest CA firms using our tech. I believe a good CA can offer advisory today which software isn't able to yet.
I'm hoping to fix the "difficult to do" tag for Indian taxes with the efforts of the ClearTax team. That's our mission!
Comment · 11 years ago
Would love to talk -- [email protected] :)
Comment · 11 years ago
:)
Comment · 11 years ago
Hi,
I am the co-founder of ClearTax http://cleartax.in
We help Indians e-File their Tax Returns.
Addressing some common points in the thread: we work great for both simple and complex tax returns.
For simple tax returns: The huge improvement is zero data entry -- we'll automatically parse your Form-16 and fill out the correct tax form. We'll ask questions relevant to you. We automatically detect corner cases, mistakes, scenarios for notices and flag them for you.
We help in cases where you haven't claimed HRA, have interest income (and claim 80TTA deduction automatically for you!)
There's a lot of tax complications which self filers don't know and the Government software isn't informative and automated enough.
We end up saving taxes because our software does more. :)
Comment · 11 years ago
Hi nautical,
I am Archit Gupta, co-founder at ClearTax, can you please shoot me an email [email protected], I'll investigate immediately.
Comment · 11 years ago
ClearTax has a tax calculator as well :D
Comment · 11 years ago
Hi Arihant,
I work at ClearTax http://cleartax.in - so I'll add some feedback here.
Many people find the Government tool intimidating and difficult to use. It is hard to figure out which Form to file (there is ITR-1, 2, 3, 4S, 4) and now there's a new tax form (ITR-2A) which muddies the waters further.
ClearTax identifies the correct tax form for you automatically. You upload your Form-16 (W-2 equivalent for India) and our software will automatically read everything and fill out the correct tax form within seconds. We'll take you through a simplified form which will ask basic questions and help you make progress. If you get stuck, our support team answers questions or you can buy CA assistance for complex plans.
The Government form is sufficiently complicated for Income earned from Rent (if you own a house), because it won't give you the 30% deduction (Section 24) in the ITR-1.
If you need to figure out long term or short term capital gains when you sell assets, the Government form is very very difficult to use even for experts (We have 10K+ Chartered Accountants using the professional version of ClearTax).
I truly believe that the level of cognitive complexity in the Government's tool is much higher than ClearTax.
Lakhs of users in India e-File on ClearTax because they find it simpler than the Government's tool.
I do agree that for an expert user, the tools may feel equivalent :)
Regards, Archit
Founder: http://cleartax.in -- YC S14 (e-File Income Tax Returns for India)
Fastest growing tax startup in India.