e-filing ITR-2: Cleartax automates process for F&O, intra-day, currency and foreign stocks traders
Income Tax Return (ITR-2) filing online for AY 2023-24: Users of the popular ITR filing platform Cleartax will now be able to complete automated filing of ITR-2. In a statement, Cleartax said it has one-click integrations with over 20 brokers that cover over 85% of the addressable market of brokers.
Users of Cleartax can upload their transaction files in xls or pdf, from their broker, and the software auto-reads it. With no transaction limit on the platform, users with large volumes of transactions of different types of instruments can file ITR-2/3 seamlessly, the company said.
Cleartax has tied up with India’s leading brokers such as Groww, Upstox, ICICI direct, Paytm Money, 5 Paisa and Dhan where customers of these brokerage firms can prepare their complex capital gains-related schedules within a click of a few buttons using the API mechanism.
As per the statement, Cleartax’s ITR filing software can parse capital gains and loss statements from more than 22 brokers including Axis Securities, HDFC Securities, SBI Cap, Kotak Securities, Motilal Oswal, Sharekhan, Zerodha and Fyers.
“With its expertise in tax compliance and use of advanced API-driven tech, prefill and automation of various schedules of ITR, Cleartax has revolutionized the process of filing ITR-2, making it easier and more efficient than ever before,” the tax-filing company said.
“The partnership between Cleartax and the top discount brokers addresses the unique needs of individuals who often engage in complex and multiple stock market transactions, with thousands of line items,” it added.
Also Read: Income Tax Return – Mismatch in AIS and Form 26AS: What should you do before filing ITR?
Taxpayers often struggle with ensuring compliance with tax laws,
Read more on financialexpress.com
