#ITRAnalysis

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How ITR Tool ease the process to filing income tax?

Income tax return needs to be filed by individuals or firms, whose gross total income exceeds the specified exemption limit. This limit is set by the income tax department.

 There are two ways, by which an income tax return can be filed.

Manual filing – This is the traditional method of filing returns, wherein taxpayers physically visit the income tax office and pay the return.

E-filing intermediaries – For busy taxpayers, this is a boon, wherein, a separate firm, chartered accountant or an agent is hired to file the returns as and when required. Also, online facilities are used for the same.

Advantages of e-filing or online submission of income tax return are :

The acknowledgement of returns filed is quick and more importantly, refunds are processed faster unlike in paper-filed ones.

E-filing software has built-in validations. The connectivity is seamless and minimizes errors considerably, whereas manual entry of data is prone to making mistakes.

Online filing system is available 24*7 for the users and can be used at one’s own convenience, anytime anywhere.

Confidentiality and security is highly maintained in electronic filing of data as it’s not leaked to any person without the authorization of the user.

Past data can be stored safely and easily accessed when needed.

Auto population of past income tax records are done in online system. Manual work of the same is a long and cumbersome affair. Also, at times the paper files are worn out or eaten by insects, if not preserved carefully. No such problems occur in e-filing process.

The online processes are user friendly with short and clear instructions mentioned for easy usability.

The e-filing also facilitates your banking convenience. One can decide when money is to be debited from his/her account towards tax payment. Also, direct deposit of refunds from IT department can be made into the bank account of the concerned person.

ScoreMe’s ITR Analysis analyses tools processes all the various form of income tax returns.

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Bank statement is a statement that is received from the bank after each month for the transaction one performs . Bank statement usually list down the available balance,deposits,withdrawals,interest,service charges,penalties and others.

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Credit appraisal of a loan denotes evaluation of proposal as per the guidelines of the regulator and internal policies of the Financial Institution. Be it a Bank or NBFC both will follow the process.

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Credit appraisal of a loan denotes evaluation of proposal as per the guidelines of the regulator and internal policies of the Financial Institution. Be it a Bank or NBFC both will follow the process.

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A good Lead Management System ensures that every lead is automatically fed into the system from web forms, emails, and chat, preventing prospects from falling through the cracks.The software unique algorithm has the capability to match the loan requirement with the available loan products to reduce evaluation of eligibility documentation and application process.

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ScoreMe’s Financial Statement Analysis Tool does system driven assessment of financial statements for multiple years.Financial Statement Analysis Tool does real-time check for different default lists.