The fastest way to file your Income Tax Returns in the shortest time while maximising their tax deductions in India.
NEW DELHI: To help clear confusion over return filing and tax planning under the impending GST regime, online tax filing portal ClearTax will act as an advisor to traders and businesses, assisting them in filing returns.
MUMBAI: Bengaluru based financial technology startup Cleartax which runs its own income tax submission portal in partnership with the government has committed $5 million to develop the systems for the Goods and Services Tax and get it live by April 1 of next year.
ClearTax, a product of ClearSharp Technology, is a free e-filing platform for filing Income Tax returns in India.
Income tax returns portal ClearTax has announced the latest version of its Form-16 parsing mechanism. Consumers can now upload their Form 16 PDF, and it's automatically read by the portal's proprietary software, and the returns show on the screen. This happens with no manual intervention. Company founder-CEO Archit Gupta says this has eased server congestion, while saving costs.
ClearTax, which helps Indians file their tax returns online with minimum stress, is on a roll this year. The Bengaluru-based company, which graduated Y Combinator two years ago, announced a $12 million Series A round today, just one month after closing a $2 million seed round following an initial $1.3 million raise.
On Thursday, tax filing platform ClearTax announced raising $12 million in Series A funding from SAIF Partners. The announcement comes just weeks after they raised a pre-Series A round of $2 million from Silicon Valley-based Founders Fund and Sequoia Capital.
Tax filing platform ClearTax recently raised $2 million in a pre-series A round from the angel arm of Silicon Valley -based Founders Fund and Sequoia Capital .
Financial technology startup Defmacro Software, which owns and operates online tax returns filing platform ClearTax, has raised $2 million (Rs 13.3 crore) from FF Angel, the angel investing arm of Peter Thiel-led Founders Fund, and Sequoia Capital.
India’s leading Income Tax Returns e-filing website ClearTax has launched its mobile app. The newly launched app will carry all the functionalities of the ClearTax web platform; users can upload their Form 16s and the app automatically prepares their tax returns.
ClearTax, India's leading Income Tax Returns e-filing website, has announced the appointment of Prasanth Nair, Aakash Bapna and Jai Santosh as a part of its technology vertical.
Chennai: Cleartax has launched Cleartds.com, a cloud-based TDS filing software. ClearTDS.com auto-imports all deductor and deductee details through Conso file and TRACES and can generate multiple Form-16s in a short time span.
Online tax filing portal ClearTax has tied up with the Union Bank of India to help the lender's employees as well as customers file tax returns.
ClearTax, an e-filing income tax return portal, recently launched a service for automated generation of rent receipts that individuals can use to claim house rent allowance (HRA).
Archit Gupta got his first experience of deals in the Silicon Valley in 2009, when EMC acquired Data Domain Inc., the company he was working for after his masters in computer science from the University of Wisconsin-Madision, for $2.1 billion. For the IIT Guwahati graduate, witnessing the whole cycle was a great learning experience.
Income tax returns e-filing website ClearTax today said it has launched mobile application ‘TaxCloud’ to make the process of e-filing of returns easier.
Clear Tax and RazorPay are the only startups in India to have made it to the funding book of Y Combinator, where every year close to 7,000 startups from the world over apply to be financed. About 500 of these are shortlisted and called for a 10-minute rapid fire interview at the accelerator's California office. Finally, about 100 startups are selected for the annual program.
ClearTax is one of those refreshingly simple startups that can be described in less than 140 characters: it files income tax returns in India online. When I mention this to its founder, Archit Gupta, he chuckles and agrees. “It’s a simple solution that is working off of this huge shift that’s happening in India right now,” he explains.
ClearTax has tripled in in terms of the number of users employing its service every year since its inception, and this growth led to investors like Y Combinator making their first India-focused investment into ClearTax. The ClearTax platform has so far helped a million tax payers with tax related filings and compliance items.
Founded in 2011, ClearTax has processed tax return e-filings for 5,00,000 Indians in the assessment year 2014-15 and is on track to cross the one-million milestone by December 2015.
Before Cleartax, Archit was an engineer at Data Domain and with Microsoft Research. He graduated with an MS in Computer Science from University of Wisconsin - Madison and BS in Computer Science from the Indian Institute of Technology, Guwahati.
As the CTO and Co-founder of Cleartax, Ankit loves building things that real people to use. Cleartax is currently building the simplest way to e-File your Income Tax Return in India.