ClearTax and Zerodha, which are the finance, and business compliance company and a technology based firm, respectively, have offered certain solutions to the traders and investors from across the country to deal with tax filing.
Tax Compliance becomes quite a task for the businesses who invest and deal with the typical securities like commodity, equity, currency, derivatives, mutual funds and much more. The entire process that involves the calculations and analysis of the Income tax is extremely challenging for the traders and also the investors. Also, the process depends on various aspects such as the duration of holdings, and the mode of trading.
Hence it is always advised to a trader to manage a tax compliance solution that is efficient enough to focus its attention on the core business.
Setting a perfect example, Zerodha's search for its perfect partner ended on ClearTaxto.
The earlier process rewquired manual entry which was extremely tiring.
Archit Gupta, the founder and CEO of ClearTax asserted, "We realised that with the ClearTax technology, we can fix this pain by automating taxreturn preparation. Our one click integration with Zerodha will solve tax filing and taxplanning for the investor community. We are proud to work with Nithin and his team".