It Filing
SSBA Innovations, which runs TaxBuddy, files Rs 105-cr IPO papers with Sebi
SSBA Innovations, which runs tax portal TaxBuddy, has filed preliminary papers with capital markets regulator Sebi to raise Rs 105 crore through an Initial Public Offering (IPO). The IPO is entirely a fresh issue of equity shares aggregating up to Rs 105 crore, according to the Draft Red Herring Prospectus (DRHP). Proceeds of the issue to the tune of Rs 65.45 crore will be used for funding user acquisition and business development, Rs 15.22 crore for technological development and balance amount towards general corporate purpose. The company is a technology-driven financial solutions and services platform focused on providing financial solutions in the area of tax planning and filing, personal investment advisory and wealth building to individuals, HUF, professionals, firms, and companies registered on its platforms. Incorporated in 2017, SSBA Innovations owns two platforms -- TaxBuddy and Finbingo. TaxBuddy was launched in October, 2019, that offers assisted tax (ITR and GST) plan
 "SSBA Innovations, which runs TaxBuddy, files Rs 105-cr IPO papers with Sebi")
Top headlines: Bumper-to-bumper insurance, ITR filing dates to be extended
Business Standard brings the top headlines of the day
 "Top headlines: Bumper-to-bumper insurance, ITR filing dates to be extended")
I-T portal glitches: FM asks Infosys to address all issues immediately
Sitharaman further urged Infosys to work on the new income-tax portal to make it more humane and user-friendly
 "I-T portal glitches: FM asks Infosys to address all issues immediately")
FinMin, Infosys to meet on Tuesday, discuss glitches in new I-T portal
Several stakeholders have submitted written inputs highlighting the issues facing the portal as well as areas that need to be fixed
 "FinMin, Infosys to meet on Tuesday, discuss glitches in new I-T portal")
Income Tax return filing: Compulsory to declare cash deposit over Rs 1 cr
If travelling abroad, keep a copy of bank statement which has details of payments made for buying tickets and hotel expenses
 "Income Tax return filing: Compulsory to declare cash deposit over Rs 1 cr")
Online platforms, CAs aren't responsible for wrong income-tax filing
Be ready for a long haul even if there are punching errors from these service providers
 "Online platforms, CAs aren't responsible for wrong income-tax filing")
Cabinet selects Infosys to implement Rs 4,241 cr next gen IT-filings system
The move will help in bringing down the income tax return (ITR) processing time to one day and hence speed up refunds
 "Cabinet selects Infosys to implement Rs 4,241 cr next gen IT-filings system")
