ClearTax

Quick commerce firm Zepto on Tuesday said it has partnered with ClearTax to offer income tax return filing services for its delivery workforce, enabling refunds worth over Rs 1.5 crore to date. As many as 49 per cent of Zepto's delivery partners opted to file ITRs via ClearTax this year, with a significant share comprising first-time filers using a WhatsApp-based, multilingual interface available round the clock, a company statement said. The initiative helps workers to file returns through a chat-led process on WhatsApp in over seven Indian languages with an AI-powered system pre-filling data, computing taxes, and guiding users through deductions and exemptions before electronic filing and instant confirmation, it added. The programme combines digital and on-ground support, including helpdesks at Zepto dark stores, webinars, and telephonic support by ClearTax experts. "Thousands of gig workers across India are missing out on tax refunds due to limited financial literacy. ClearTax'

Online tax-filing platform ClearTax on Wednesday said it has partnered with Microsoft to develop a simplified solution that allows gig workers across India to file their taxes through WhatsApp. ClearTax has used Microsoft Azure OpenAI Service to develop a user-friendly solution that allows gig workers to file their taxes via WhatsApp, according to a statement. "The impact of this (initiative) has been swift and substantial. In just 5 weeks of launch, nearly 98,000 gig workers have been able to file their taxes with this new system. Moreover, all these individuals are set to receive several immediate economic benefits of this simplified scheme," the statement said. The Bengaluru-based firm plans to further extend this service to employers, enabling them to assist their blue-collar employees with tax filing and TDS refund claims, it added. "By making tax payment as easy as WhatsApp messaging, we're not just providing short-term relief -- we're expediting the long-term national object

If an individual misses the deadline, he/she can still file a belated return until December 31

The ITR-2 is required for individuals and Hindu undivided families (HUFs) not earning through their business or profession but from capital gains, foreign income or agriculture

Firm says since the infrastructure is largely digital, it is simultaneously affordable, scalable, modern, secure and pervasive

This is Clear's second company acquisition in 2022 after it acquired Xpedize, an invoice discounting platform, in March

At present, any firm with Rs 20-crore turnover is mandated to file this

Deal will help the acquirer quickly scale and lead the invoice discounting space

Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions

Company's business has come back to 70% of pre-Covid level now

The firm's tech platform for I-T and GST returns is currently used by 600,000 businesses, 40,000 CAs and tax professionals, and over 1,000 large enterprises

The company which started off with helping individuals file their personal taxes today has expanded into offering solutions for GST and E-waybills

The invoices can be easily uploaded on one-click to the online filing platform

The Billbook for SMEs is a ready-to-use software platform that works both online and offline

Firm hosts webinars, GST training for CAs, is developing exclusive GST solutions for businesses

company plans to utilise proceeds to hire top tier engineering talent from Silicon Valley

Archit Gupta, founder and chief executive officer of ClearTax, had been working hard to secure investments. The market, he was told by most venture capitalists (VCs), was difficult. The investments in fintech just did not have the legs to pull in the big money deals. He managed to secure $1.3 million last month. This, he said, would set him on a course for the next 18 months. His aim is to have three million customers by the end of FY17. Currently, he is serving one million.Gupta isn't the only one who has been in what has been a segment globally considered hot. According to a report released by KPMG and CBinsights, VC investments in the first quarter of calendar year 2016 (CY16) crossed $4.9 billion globally across 218 deals.VC-backed deal activity rose 22 per cent in the first three months of CY16 on a quarterly basis, while overall fintech deals rose 39 per cent from the fourth quarter of CY15, stated the report."Fintech had a very strong start to the year, and with the recent multi