Less than 3 per cent of Indian population pays income tax. We missed our tax collection target by thousands of crores. While one can question the cumbersome process of paying income taxes, some see it as an opportunity. Some of the major issues are the confusions and over-lapping information about who shall file Income Tax Returns and what is the due date for filing those returns.
Alok Patnia founded Taxmantra in 2009 which is now an established and preferred destination for tax payments by many Indian startups. Alok along with Abhishek Rungta, founder of enterprise mobility solutions firm Indus Net Technologies, has launched Makeyourtax.com.
Makeyourtax is funded and incubated by Indus Net Technologies and Taxmantra and is basically an online tax return preparation and filing software for businesses, individuals, chartered accountants and tax professionals. The online application is entirely cloud based which makes it easy to access for multi-users and smoother coordination between the tax payer and the tax consultant. It is also enabled to provide white label tax filing gateways to corporate professionals. Alok says,
“Pricing is extremely competitive at Makeyourtax and we also provide a host of values and added services including assisted tax filing especially when someone needs expert advice.”
Makeyourtax claims to be accurate and hassle free in handling the documents for filing with its three step navigation to prepare your Income Tax Return file. The auto-selection of ITR form keeps you away from the confusion of identifying the right form for filing your tax. Here are some of the features of the software: