The last date to file Income Tax Return (ITR) is very close and you have only 4 days left. If you are also among those who have not yet filed your tax return, then this news is very useful for you. Now you do not need to pay huge fees to any expensive CA or tax expert. Digital payment company Paytm has joined hands with ClearTax and introduced such a great feature, with the help of which you can easily fill your ITR for just Rs 11.
What facilities will you get in this Rs 11 plan?
You will get to see this great feature of Paytm directly in the ‘Free Tools’ section of the app. Its biggest feature is that you will not have to struggle much in filling the tax form. Your information, which is already available with the Income Tax Department, is automatically filled in this form. This smart system automatically decides according to your income which ITR form will be right for you and which option of the new or old tax system is more beneficial for you.
Big relief for stock market and mutual fund investors
If you invest money in stock market, trading or mutual funds, then this platform is no less than a boon for you. It automatically fetches data of more than 80 stock brokers of the country in a single click. This means that you will not have to sit and calculate your profits and losses i.e. capital gains. Apart from this, you also get free ‘Notice Protection’ in this Rs 11 plan. This means that if any notice comes from the Income Tax Department in future after filing the return, then the expert team of ClearTax will help you fully in understanding that notice and preparing a reply to it.
Do not trust blindly, keep these things in mind before submitting the form.
This cheap and easy offer is best especially for those employed people, whose only source of income is Form-16 and who get some interest from bank accounts. However, the clear advice of tax experts is that one should not blindly trust technology or automation. Even though the app will fill your form automatically, you should check all your details once before clicking on the final ‘Submit’ button. You have to check thoroughly whether all your earnings and tax exemptions (deductions) have been entered in the correct columns or not. If you have multiple sources of income, such as rental income, freelancing work or you have changed jobs during the financial year, you need to be even more cautious.
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