Rainmatter, the Indian fintech fund and incubator has invested Rs. 2 crores in online tax planning and filing platform Quicko.
Filing income tax returns is intimidating for most taxpayers. Confusion with the tax figures, be it deductions, exemptions, or different tax sections, is rampant and leads to mistakes that could prove costly.
Quicko is a complete tax filing platform for Income Tax, GST, and TDS filing. Individuals & Businesses in India can plan, prepare and file ITR, GST & TDS returns on Quicko for free.
Quicko provides ITR filing services to resident & non-resident taxpayers that boasts transparency, accuracy & privacy. Salaried individuals can upload Form 16, review & file ITR in minutes. Quicko also helps stock traders figure the right ITR forms, the applicability of tax audit, due dates, and file Tax Returns including P&L and Balance Sheet.
Vishvajit Sonagara, Founder, Quicko, added, “We want to encourage more people to file their tax return by simplifying the tax filing process. Our mission is to simplify taxes for everyone and we have built our platform for Individuals & businesses across India keeping this in mind. We are very excited to partner with Zerodha to simplify tax filing for traders. We would like to help traders file their Income Tax return simply by importing Tax P&L from their Zerodha account.”
Nithin Kamath, Founder & CEO, Zerodha, added, “In India, traders are generally confused about their tax calculations. Taxes on Trading can get tricky sometimes as the rules vary depending on Asset Class such as Real Estate vs Equity vs Derivative, nature of the trading activity (speculative vs non-speculative), turnover limits & applicability of tax audit. We can now offer our customers a simpler way to file taxes with Quicko.”
Quicko has also set up a platform to inform & educate taxpayers on important tax matters such as Income Tax Forms, Due Dates, Penalties & Refunds. They have India’s “Most Viewed Authors” on Quora with more than 1000 answers & 5 million views.