4 ms·
To broadly summarize Indian tax rules & software: 1) You have a straight forward return (salary, interest, capital gains), the govt. website is good enough to
by chdir 11y ago
To broadly summarize Indian tax rules & software:
1) You have a straight forward return (salary, interest, capital gains), the govt. website is good enough to file the tax. Cleartax is a tad bad friendlier.
2) You have a complicated scenario. Cleartax won't be a big help. Reason is that Indian tax laws lack clarity. They are written in a hard to understand lawyer speak that doesn't cover all the possible permutations. A local CA is a good option in this case, but also stop by the temple on your way back. Pray to god that tax tribunal is having a good day when assessing your "out of ordinary" return.
Look at these court precedents : http://www.moneymantra.co.in/detailsPage.php?id=6612&title=Banking&wrt=Subhask%20Lakhotia http://www.moneymantra.co.in/detailsPage.php?id=6612&title=B...
They seem like a waste of court time due to inadequate clarity in tax rules. Or maybe they were purposely written like this so that corrupt tax officials can harass citizens.