Fintech firm Clear has collaborated with 5Paisa to simply income tax return (ITR) filing hassle-free for traders. 5paisa is India’s fastest-growing discount stockbroker with over two million customers.
The partnership between the two firms will resolve the complexity of filing taxes for capital gains. The process will be fully automated so that traders don’t miss out on claiming transfer expenses. It will facilitate the tax filers to directly import the P&L data into Clear’s platform in a single click. Once the data is fetched, users can self-file their capital gains ITR within a few minutes. The challenge of categorizing the funds while filing taxes for users will also be removed through auto-selection of the correct ITR.
Moreover, the collaboration will also allow year-round assistance by engaging and assisting 5Paisa users by conducting online helpdesk and webinars on topics related to tax.
