Startup Originals Team
The fintech platform now offers free tax filing with support for foreign assets, making compliance easier for modern investors
Filing income tax returns can often be a complicated and time-consuming process, especially for investors managing multiple asset classes. From Indian stocks and mutual funds to US equities, futures and options (F&O), and salary income, taxpayers are often required to compile data from several sources before filing their Income Tax Return (ITR).
To simplify this process, fintech platform INDmoney has introduced free Income Tax Filing for investors. The service is designed to help users file their ITR without additional charges while supporting a wide range of income sources and investment categories, making tax compliance significantly more convenient.
Designed for Modern Investors
Today’s investors often maintain diversified portfolios that include domestic equities, international stocks, mutual funds, exchange-traded funds (ETFs), derivatives, and fixed-income investments. Preparing tax returns for such portfolios can involve multiple calculations, capital gains reporting, and compliance requirements.
INDmoney’s free tax filing service aims to bring these different financial activities together into a single filing experience. The platform supports users who earn:
- Salary income
- Capital gains from Indian stocks
- Investments in US stocks
- Mutual fund investments
- Futures and Options (F&O) trading income
By supporting multiple investment categories within one platform, the company seeks to reduce the complexity associated with annual tax filing.
Support for Schedule FA
One of the standout features of the new service is support for Schedule FA (Foreign Assets).
Indian residents who own foreign financial assets, including overseas stocks, are generally required to disclose these holdings while filing their income tax returns. Reporting foreign assets accurately is an important part of tax compliance, yet many investors find the process confusing because of additional disclosure requirements.
By incorporating Schedule FA support, INDmoney enables investors with international portfolios to complete these disclosures more easily within the filing process.
Direct Filing Through an Authorised e-Return Intermediary
Another key aspect of the service is that INDmoney is an Income Tax Department-authorised e-Return Intermediary (ERI).
This means tax returns filed through the platform are submitted directly to the Income Tax Department using an authorised integration. The ERI status provides users with a streamlined filing experience through a platform recognised for electronic return submission.
For taxpayers, this reduces the need to navigate multiple systems while ensuring returns are filed through an officially authorised channel.
Expanding Beyond Investing
Founded in 2019 by Ashish Kashyap, INDmoney has built its platform around helping users track investments, monitor portfolios, and manage their personal finances from a single application.
Over the years, the platform has expanded beyond investment tracking to include services covering Indian equities, US stocks, mutual funds, fixed deposits, insurance, loans, and broader wealth management.
The launch of free income tax filing represents another step in that evolution. Instead of serving only as an investment platform, INDmoney is positioning itself as a comprehensive personal finance ecosystem that supports users throughout their financial journey—from investing and wealth creation to annual tax compliance.
Making Tax Filing Simpler
For many taxpayers, preparing an Income Tax Return involves collecting documents from brokers, employers, mutual fund platforms, and banks before manually calculating taxable income and capital gains.
By bringing investment records and tax filing together, platforms such as INDmoney aim to reduce manual effort and save valuable time during the tax season. The addition of support for domestic and international investments, combined with foreign asset reporting and direct filing through an authorised ERI, is intended to simplify what is often one of the most stressful financial tasks of the year.
The Bigger Picture
India’s fintech ecosystem is increasingly moving toward integrated financial platforms that combine investing, banking, lending, insurance, and tax services under one roof. As investors continue to diversify across both domestic and global markets, demand for seamless financial management tools is expected to grow.
With its free Income Tax Filing service, support for Schedule FA, and direct filing as an authorised e-Return Intermediary, INDmoney is expanding beyond investment management to address another critical aspect of personal finance. By reducing complexity and improving convenience, the platform aims to make tax filing faster, simpler, and more accessible for millions of investors.
