ClearTax and Tap Invest join forces to simplify tax management for investors

Aims to deliver seamless and efficient tax filing solutions for modern investors, addressing their growing financial needs and enhancing their overall investment experience

India, June 25, 2024: In a groundbreaking move to empower modern investors, ClearTax, India’s leading online tax filing platform, and Tap Invest, an innovative fixed-income investment platform, have joined forces to deliver a seamless and user-centric solution. This strategic partnership aims to address modern investors’ evolving needs by simplifying the complex income tax filing process and enhancing their overall financial well-being.

Recognising the growing popularity of alternative investment avenues, ClearTax has introduced support for alternative assets this season. Investors can now effortlessly declare their income and file taxes related to earnings from invoice discounting, asset leasing, and other fixed-income investments offered by Tap Invest.

The collaboration brings together ClearTax’s expertise in tax solutions and Tap Invest’s advanced investment tools, creating a unified platform where investors can manage their portfolios and file their income tax returns with unparalleled convenience and accuracy. Through seamless integration, investors on the Tap Invest platform can automatically sync their investment data to ClearTax, thereby eliminating manual data entry and reducing the risk of errors.

Sharing his views on the partnership, Mr. Archit Gupta, Founder and CEO, Cleartax said, “At ClearTax, we are committed to making financial management effortless for our users. Our partnership with Tap Invest is a significant step towards that goal, providing investors with a streamlined and user-friendly tax filing experience. We will leverage our expertise in tax solutions to empower Tap Invest users to focus on building their wealth without the hassle of complex tax processes.”

Nishchay Nath, Co-Founder and CEO of Tap Invest shared his enthusiasm for the collaboration, stating, “For many investors, the ease of taxation and seamless tax filing support are major concerns that can make or break their investment experience. Products often struggle to succeed when they fail to address these critical pain points. Our collaboration with ClearTax, a leader in tax solutions, tackles this challenge head-on, ensuring our investors can manage their taxes effortlessly without any hassle. We firmly believe that this partnership holds immense potential for the success of both our businesses as we strive to deliver a user-centric and hassle-free investment journey.”

The strategic collaboration between ClearTax and Tap Invest marks a significant milestone in the fintech industry. It paves the way for a future where investment and tax management are seamlessly integrated, empowering investors to make informed decisions and maximize their financial potential with ease.