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Axis Direct Announces the Launch of DIGITAX…

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Investors can now access a simplified tax filing process based on their specific needs 

Mumbai, December 22, 2021: Axis Direct – the flagship brand of Axis Securities, a fully-owned subsidiary of Axis Bank, announced the launch of DIGITAX – a simplified, DIY platform for the hassle-free tax filing process. Powered by Quicko Infosoft Pvt Ltd, DIGITAX effectively addresses the specific tax filing needs of traders. With a complete end-to-end digital process, DIGITAX allows customers to choose from DIY, DIY Plus (tax expert assistance), and Chartered Accountant assisted select plans at economical rates.

 

DIGITAX offers a multi-broker support facility, which will help investors understand tax computation by importing trades (Equity, Intraday, and F&O) from their respective broker(s), calculating P&L, and paying taxes on time. Through this launch, Axis Direct aims to assist customers during tax filing and aid in managing finances through simplified processes.

 

Speaking at the launch, Vamsi Krishna, Head – Product and Marketing, Axis Securities said, “Filing income tax can be complex and requires cumbersome paperwork. As a trusted brokerage house, our constant endeavor is to empower our customers with digital tools to make informed decisions.  DIGITAX will help our customers to understand their taxation structure, ease the tax filing process, and make this crucial step in the investment journey a hassle-free experience. This DIY platform will encourage our customers to submit their tax returns confidently.”

 

Investors can plug in all the details online in the DIY module to complete the entire tax return filing journey. They can also opt for a personalized plan, based on their specific requirements, by logging in through the Axis Direct portal and availing expert assistance at reasonable rates. Once the required documents are uploaded online, the platform will compute the tax as per the latest Income tax laws to ensure maximum eligible tax refunds to the customer.

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