Chennai, Apr 11: Close on the heels of the Income Tax Department allowing digital signing of Form-16, Skorydov Systems, a software solutions provider, has launched a new web portal for e-filing tax returns. www.myitreturn.com, a first of its kind initiative in the country the website has been designed to provide easy and quick web based solutions for filing income tax returns and facilitates generation and digital signing of Form-16, according to a press release here today.
Today four crore people file returns either in paper or electronic format every year, and the number is likely to increase to over ten crore by 2010. The web portal aspires to cater to this ever-growing group with simple return filing solutions. Some of the significant features of the software include the generation of Form-16 as per the Department format, availability of tamper proof certificate in digitally signed PDF Format, facility for users to import the data in text format with text delimiter and easy installation of software.
The software has also been configured with Microsoft Outlook for e-mailing Form-16 to employees. Other facilities include multiple signing, generation of duplicate form 16, facility to sign more than 1,000 forms digitally in less than 60 minutes and optimum privacy of the data as the software is installed at the employer's computer.
Chartered Accountants and Income Tax practitioners can help their assessees to file returns via this service. The payment module for e-filing of myitreturns.com allows professionals to have their own pricing structure. Myitreturn.com already has prestigious corporate clients like, Wipro, Reliance Energy Limited, ICICI Bank Limited, Transworks and others.
Currently Skorydov has a mandate to file tax returns for over five lakh employees from various corporates and individuals using the software solution to help their employees file their IT returns.
Skorydov is the first and the only company in country providing this solution of digitally signing and issuing Form-16 to corporate clients, the release added.