Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT RATES :: due date for vat payment :: ACCOUNTING STANDARDS :: TDS :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: ACCOUNTING STANDARD :: cpt
 
 
« Sales Tax »
 Sales tax staff protest against goods service tax council
 Income tax survey on city jeweller
 Service tax levy to weigh on upstream companies’ earnings
 5 pc tax on online sales awaits Cabinet approval
 Amendment to Additional Sales Tax Act unconstitutional: High Court
 Maharashtra will soon achieve Rs one lakh cr sales tax : CM Devendra Fadnavis
 CBEC chief bats for minimal exemptions for India Inc under GST
 Issuance of Free Sale & Commerce Certificate to Merchant Exporters
 Why model GST law does not give confidence to exporting community
 State governments tighten their grip on sales tax holidays
 Income tax dept charts plan to broaden national taxpayer base

Last-hour rush to save tax making customers invest online
March, 31st 2016

The last-hour rush to save on taxes is pushing traffic towards online startups, including Wealthy.in, FundsIndia.com, MakemyReturns.com and TaxSmile.com.

These websites make instant investments possible by verifying a customer’s documents through Skype. A copy of the investment proof is sent to the customer’s email after the transaction is completed. The websites also help customers in filing returns.

MakemyReturns.com claims to have already crossed 4,500 transactions this month compared to 3,000 last year. “This month, activities have ranged from advance tax calculations to filing of tax returns,” said Varun Advani, COO, MakemyReturns.com.

While websites do not charge customers for making investments, they charge around Rs 500 for filing returns.

For the two-month old startup, Wealthy.in, transactions have almost doubled this month. “Thanks to the technology one can invest anytime. Most websites see people making investments as late as 2.00 am or as early as 6.30 am,” said Aditya Agarwal, founder, Wealthy.in.

Consumers are predominantly salaried employees and self-employed professionals — mostly from metros. Six out of ten of these investors are below 30 years old, and about eight out of 10 are male, companies claim. They also said that the average amount of investment made was around Rs 2.5 lakh.

“Every user is assigned an investment adviser. Also, they can access their records through mobile apps as well,” said Srikanth Meenakshi, COO, FundsIndia.com.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Enterprise Resource Planning Solutions ERP Solutions Enterprise Resource Planning Software Solutions ERP Software Solutions Supply Chain Management Solutions SCM Solutions Supply Chain Management Software Solutions SCM Software Solutions Enterprise Resource Planning Solutions India ERP Solutions India Enterprise Resource Planning Software Solutions India ERP Software Solutions India Supply Chain Management Solutions India SCM Solutions India Supply Chain Management Software Solutions India SCM Software Solutions India

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions