IIFL Securities Limited, one of India’s largest broking and investment advisory firms today said that it has partnered with Quicko.com, an Ahmadabad-based fintech firm to provide hassle-free tax planning and filing services for investors and traders.
Through this partnership IIFL Securities will offer a do-it-yourself tax planning and filing platform with focus on retail investors including millennials and Gen Z. Young investors are more hands-on, they like innovative products; they are financially independent and want to take charge of their personal finances. However taxes can be overwhelming to most seasoned investors, let alone beginners.
Now traders and investors on IIFL Securities platform will be able to visualize their aggregate tax profit and loss, compare tax regimes, spot tax-saving opportunities, calculate & pay advance tax, e-file their ITR instantly, and much more.
Commenting on the partnership Nandkishore Purohit, Chief Digital Officer at IIFL Securities said, “During tax filing season, a lot of effort from the customer’s end goes into fetching multiple reports across segments consisting of statements like capital gain, profit and loss, ledger as well as contract notes for the entire year to ascertain and validate their tax liability.”
“Now through our platform customers can not only calculate their short term as well as long term tax liabilities across asset classes in just a few clicks but also file their return and seek tax planning for the upcoming year. With this feature customers can now trade or invest without thinking of calculating tax liability by using multiple reports while e-filing their returns. Users can also pull reports from various other accounts.”
Vishvajit Sonagara, Founder and CEO at Quicko said, “We are delighted to partner with an industry leader like IIFL Securities and provide complete access to the Quicko universe of cutting edge tax planning and filing products for individuals in India.”
About IIFL Securities Limited:
IIFL Securities Limited (Formerly India Infoline Limited) is one of the largest independent full-service retail and institutional broking house along with being a leading investment advisory firm in India, providing diversified financial services and products to corporates, institutional investors, foreign portfolio investors, mutual funds, insurance companies, alternative investment funds, trusts, high net worth 2.4 million customers through a network of about 2,500 points of presence covering our branches and business partners over 500 citie