Wondering if there are any legit free or cheap tax filing sites. Some of my family have been going to the local CAs who do a decent job, but they fill in their own email, phone number etc (except for when aadhar otp is used) and I want to move them away from that.
I get mine done at work, and can’t get family members filings done (in case anyone is wondering).
Thanks @Quicko been checking it out, also nice you partnered up with zerodha
Couple of quick questions, ITR filed through Quicko will still show up on my profile on the govt ITR website? I mean currently I can see my past returns on it, and I don’t want to split them up into different sites.
As for equity/debit fund redemption - above what number should I actually bother to declare in ITR (not large redemptions probably a couple of thousand Rs only, but I redeemed from a couple of funds that I didn’t believe in anymore and plan to reinvest that money into other funds).
Yes, you will see the details of ITR Filed through Quicko in your profile on IT Website. Since Quicko is an e-Return Indetermidery (ERI) registered with the IT Department.
For Equity/ Debit Fund redemption, for FY 2018-19, transaction wise details are not required. Only aggregate level data needs to be reported while filing ITR. So you can provide the aggregate data while filing ITR.
Hope this helps. We are on a mission to simplify taxes for all!
You should be able to fill their own taxes as well as your family should make something on your side anyway. So thanks for that matter anyway. How else it should be possible? It’s the job they easily could do no matter what. Thanks for that!
Income tax and its regulations are very complex it takes years to master and file a return correctly, if a person has just Income from salaries its not that difficult to file for himself, lot of people do it with minor errors which will be rectfied by AO u/s 143. But if you have Income from capital gains or PGBP u better consult a CA.
@Quicko quick question, is there any option to change the AY on a profile - I want to pay advance tax since I will be travelling during the normal tax filing period and can’t seem to find any options for it DIY.
Advance tax is applicable when your total tax liability for a year exceeds INR. 10,000. In the case of trader, take into account realized profit till the date and if the tax liability on such profit exceeds INR. 10,000 advance tax will be applicable.
If advance tax is not paid by a taxpayer then he/she will end up with penal interest u/s 234B and 234C on trading profits. And if there is a loss at the yearend then he/she can always claim a refund of taxes paid.