ICICI Direct enables customers to file I-T returns online
The tool allows customers to instantly calculate their capital gains statement and automatically upgrade all mutual funds transactions.
By PTI | Updated:
MUMBAI: ICICI Direct today unveiled a feature that enables customers to electronically file their income tax returns online.
The tool allows customers to instantly calculate their capital gains statement, automatically upgrade all mutual funds transactions, and record dividends for all transactions, while computing capital gains.
ICICI Direct, a three-in-one trading platform which links customer banking, stock trading and Demat accounts, is the retail online broking arm of ICICI Securities.
"This is the only financial services provider to facilitate instant calculation of capital gain statement for both equity and mutual funds. Filing tax returns have been simplified considerably.
"It is now as easy as booking an airline ticket on the Internet," ICICI Securities Vice- President ( Product Advisory Group) Hariharan M told reporters here.
The tool enables automatic updating of historical transactions for all mutual funds transferred in besides the dividend record for all investments made on the ICICI Direct platform.
"Computation of capital gains or losses is supposed to be complex and time consuming. But using this tool, ICICI Direct customers may consolidate their investment portfolios, obtain date-wise records of transactions, identify income as dividends and interest, as well as adjust cost for dividend reinvestments, besides segregating long and short term transactions and calculating profit and loss," he said.
The tool allows customers to instantly calculate their capital gains statement, automatically upgrade all mutual funds transactions, and record dividends for all transactions, while computing capital gains.
ICICI Direct, a three-in-one trading platform which links customer banking, stock trading and Demat accounts, is the retail online broking arm of ICICI Securities.
"This is the only financial services provider to facilitate instant calculation of capital gain statement for both equity and mutual funds. Filing tax returns have been simplified considerably.
"It is now as easy as booking an airline ticket on the Internet," ICICI Securities Vice- President ( Product Advisory Group) Hariharan M told reporters here.
The tool enables automatic updating of historical transactions for all mutual funds transferred in besides the dividend record for all investments made on the ICICI Direct platform.
"Computation of capital gains or losses is supposed to be complex and time consuming. But using this tool, ICICI Direct customers may consolidate their investment portfolios, obtain date-wise records of transactions, identify income as dividends and interest, as well as adjust cost for dividend reinvestments, besides segregating long and short term transactions and calculating profit and loss," he said.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
Related Articles
Nifty 'maturity' sets stage for a bull market: ICICI Direct2026-04-18T01:54:20Z- Nifty to climb to 29,500 in 2026, ICICI Direct says, picks Bajaj Finance, Bank of Baroda among 7 top bets2025-12-22T07:15:52Z
- Nifty could reach 30,000 levels by 2026; Bajaj Finserv, IOC, LTIMindtree among top picks: ICICI Direct2025-12-13T02:20:20Z
ADVERTISEMENT
