ClearTax

ClearTax is a tax and financial services software platform designed to simplify tax compliance and financial management for individuals, businesses, organizations, and chartered accountants in India. According to the vendor, ClearTax offers a wide range of solutions for income tax filing, GST compliance, e-invoicing, and more. It caters to businesses of all sizes, from small and medium enterprises (SMEs) to large corporations. This comprehensive platform is used by professionals in various industries, including chartered accountants, tax experts, freelancers, self-employed professionals, and small business owners, to streamline their tax and financial obligations.

Key Features

File ITR: According to the vendor, ClearTax provides an easy and convenient way to file income tax returns for individuals and businesses. It supports various ITR forms based on the taxpayer's income source and category. Users can upload Form 16 or manually enter income details. The vendor claims that ClearTax provides step-by-step guidance throughout the filing process to ensure accuracy and compliance with government regulations.

Responding to tax notices and revised/belated filing made easy: ClearTax enables users to respond to tax notices received from the income tax department, as per the vendor. It also allows for the revision of filed returns in case of errors or omissions and facilitates the filing of belated returns for those who missed the deadline. The vendor states that ClearTax offers a user-friendly interface for easy navigation and completion of required actions, ensuring timely compliance with tax obligations.

Enterprise GST, E-Invoicing, Secretarial compliance & more: ClearTax offers a comprehensive suite of solutions for GST compliance, including e-filing of GST returns, according to the vendor. It also facilitates e-invoicing and generation of e-way bills for seamless business transactions. ClearTax provides tools for secretarial compliance, helping businesses adhere to legal requirements. The vendor claims that ClearTax aims to ensure efficiency, profitability, and 100% compliance for businesses of all sizes.

MaxITC: According to the vendor, MaxITC is a specialized ITC (Input Tax Credit) management solution for businesses with complex purchase processes. It helps businesses increase accuracy, efficiency, and productivity in managing their working capital. MaxITC streamlines the ITC claim process and ensures compliance with GST regulations, providing real-time visibility into ITC utilization. The vendor states that MaxITC enables businesses to make informed decisions regarding their ITC utilization strategy and maximize their tax savings.