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TaxSum.com launched as tax filing portal; 2cr people expected to pay taxes online in FY12

SNK ETax Solutions, a taxation, corporate laws and assurance
services company, has launched TaxSum.com as a tax filing portal. The portal is
compatible to file tax from ITR 1 to ITR 6, offering multi-language solution
for computing and filing tax returns online. The portal also offers browser based
digital signature and filing ITR 1 returns through mobile phones.

SNK ETax Solutions, a taxation, corporate laws and assurance
services company, has launched TaxSum.com as a tax filing portal. The portal is
compatible to file tax from ITR 1 to ITR 6, offering multi-language solution
for computing and filing tax returns online. The portal also offers browser based
digital signature and filing ITR 1 returns through mobile phones.

Sanjay N Kapadiaa, chairman, SNK ETax Solutions  said, “Filing of income tax return for every
person having income more than basic exemption limit (at present Rs. 1,80,000
per annum) is a constitutional responsibility in India. Our country’s total
population is around 122 crore and more than 10 crore people having Pan Card, but
still the income tax return filing for 2010-2011 has just been 4 crore and out
of these, online income tax return filing is opted by only 1 crore tax filers
in our country. With the rapid acceptance of technology and internet usage, we
see this as a good opportunity to introduce a portal like TaxSum.com that can
simplify the tax filing of corporate and individuals and further support the
constitutional responsibility of the nation.”

According to the findings of SNK ETax solutions on tax
filing status in India, it has been observed that in the year 2010-2011, the
number of tax returns filed are 4.1 crore as compared to 3.40 crore in 2009-10.
The online tax filing in the year 2010-11 is 91.57 lakh as compared to 51.06 lakh
in 2009-2010. With the acceptance of digitization across India, SNK ETax has
estimated that the tax filing will be doubled to 10 crore in the year 2015-2016
out of which more than 7.5 crore will be filed online.

“We have projected more than five crore people are
estimated to pay tax in the current fiscal, of which two crore people are
likely to pay taxes through the online medium. This projections are on the
basis of the trends seen over the past few years and also after discussing the
matter with some government officials,” Kapadiaa added.

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