If you are young, the first job, filing for the first time then you may not know all you need to about filing taxes. Try some of these tips from our in house Tax experts to get you to jumpstart on your e-filing and help you maximize your returns this Tax season. Mr. Vishvajit Sonagara, Founder, Quicko.com shares his views…
FILE ELECTRONICALLY, TAKE CONTROL
Most young people can expect to get a tax refund when they file their taxes, and who doesn’t like refunds. You would also want to get it in a timely manner, hence e-filing your taxes.
E-Filing transfers your tax returns to Income Tax Department instantaneously, which prevents it from being misplaced, lost or even forgotten. Your data is uploaded to the Department directly from our software, which prevents someone mistyping your information (I still remember those few trips to the Passport office when someone mistyped my last name in application). When you file electronically it is often possible to get your tax refunds back within a month directly into your bank account.
E-FILING IS CHEAP AND HASSLE FREE
If you are filing your taxes for the first time, you don’t have to pay thousands of rupees to have them prepared. You are most likely one of the 3 Crore Individual Tax filers in India who has a straightforward tax return (ITR-1, ITR-2, ITR-3 & ITR-4) so there is no reason to pay someone your hard-earned money.
At Quicko we believe in breaking barriers, delivering new innovative software that is just an extension of your daily life. Quicko’s Tax filing is free, secure, intuitive and seamless. It will import your Form-16, auto prefill your Employer’s information and fetch Tax credits. Your taxes are your year, and we believe no one but you can explain it better. Hence we ask you simple questions that you know back of your hands.
HIGHER EDUCATION LOAN, FIRST HOME LOAN
When you’re in your 20s and 30s, very likely that you took a loan for higher education or that first dream home. And if you did, you should plan to maximize your deductions. We understand your needs and have developed our software keeping your requirements in mind. This can lower your taxable
income to a great extent and may put you in a lower tax bracket altogether, saving you a great deal overall.
MAXIMIZE YOUR DEDUCTIONS
We have taken into consideration more than 50 different deductions to maximize your refund. You wouldn’t believe how much fun it is to see your taxable income go down and your refund go up.
DOUBLE CHECK
Quicko Tax will do the calculations for you, based on your entries, given that numbers you enter match the forms you received.
Also, verify other information on your return, such as PAN, Address and Bank Account information.
WE ARE ALWAYS THERE WHEN YOU NEED US
You are not alone when you file taxes with us. Our team is committed to delivering the best experience possible, if you have questions, you can get them answered by our Tax experts who are CAs and Tax Return preparers.
Contributed by: Mr. Vishvajit Sonagara
Mr. Vishvajit Sonagara, Founder, Quicko.com has completed his Bachelors of Engineering in Computer Science in the year 2006 and masters in computer science in the year 2008. Mr. Sonagara founded the company in the year 2014. He has been previously associated with Deutsche Bank Fidelity Investment and Thomson Reuters. Founded by Vishvajit Sonagara and Anand Satyapanthi, Quicko fills the huge void in the space of e-filling of Income Tax Returns. Founded and manned by thorough professionals team Quicko consists of 8 Chartered Accountants, 10 software professionals. It Offers an easy-to-use platform to register company from the comfort of your home and helps Access your Income Tax Return at anytime.
Also read: Income Tax department issues Rs 64,700 crore worth refunds between April 1 to June 18
