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Cleartax vs myITreturn: Comparison And Differences for ITR Filing

Updated on: Jul 13th, 2024

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6 min read

When it comes to income tax filing platforms, Cleartax and myITreturn offer unique features and functionalities. Although they share the same purpose, there are significant distinctions between the two.

If you're uncertain about which income tax software is best suited for your requirements, here’s a comprehensive comparison of Cleartax and myITreturn. By analysing the detailed features and capabilities of both platforms, you can make an informed choice about the most suitable tax filing platform to fulfil your ITR needs.

Self-Tax Filing: Cleartax vs myITreturn

Features

ClearTax

My IT Return

Parsing Multiple Form-16

✔️

✔️

Parse annexure for Salary Break-up

✔️

✔️

Stocks

25+ brokers

No broker integrations (Only file upload)

Mutual Funds

Both CAMS and Karvy

No broker integrations (Only file upload) 

US Stocks

3 brokers

-

Crypto/VDA

20+ exchanges

No exchange integration (Manual data entry)

Standard Template for parsing

✔️

✔️

Bonds and Debentures

✔️

-

Deemed Capital Gains

✔️

✔️

Land, Buildings and Property

✔️

✔️

RSUs and ESOPs

✔️

        -

Gaming and Lottery

✔️

        -

Section-54 to save tax on purchase of House

✔️

  -

Prefill Freelancing and Business Income

✔️

        -

Carry forward of losses

✔️

        -

24*7 Chat Support

✔️

✔️

Free Notice Management

✔️

-

Advanced Tax Insights

✔️

✔️

Auto regime selection

✔️

✔️

Auto ITR type selection

✔️

✔️

Tax saving nudges

✔️

✔️

Expert Assisted Tax Filing  - ClearTax vs myITreturn

Features

ClearTax

myITreturn

Live chat support

✔️

Standard BOT engagement
Dedicated relationship manager

✔️

-

Response within an hour

✔️

-

Revised ITR return - ITR U filing

✔️

-

Live End to End filing over video call

✔️

Live filing not supported

Multi-channel document collection

✔️

Only via emails

Curated ITR plans for all kinds of income

✔️

-

Follow up emails

✔️

✔️

Follow up calls

✔️

-

Tax notice management

✔️

-

Advanced Tax Insights Report

✔️

-

Data security (User’s contact details not shared with CA)

✔️

-

Conclusion

When it comes to self-filing plans between Cleartax vs myITreturn, Cleartax stands out by providing a broader range of services for all income types.

Another distinction is that Cleartax supports integration with 22 stockbrokers and accommodates both CAMS and Karvy mutual funds. However, myITreturn does not offer broker integrations but allows users to upload a template and even the crypto details are required to be entered manually, which can get overwhelming and complicated for users.

ClearTax distinguishes itself as a comprehensive income tax filing platform that caters to all filers and all types of income. Whether you are a salaried individual with multiple Form 16s or earn capital gains, or a freelancer, ClearTax provides a seamless solution for your tax filing needs. Additionally, Cleartax offers detailed live demos on the YouTube channel, which can assist you in filing your Income Tax Return (ITR). If you still have doubts about the tax filing process, ClearTax provides the option to seek expert assistance from a dedicated tax expert who can guide you through every step of the filing process.

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Quick Summary

Cleartax and myITreturn offer distinct features for income tax filing. Cleartax supports multiple Form-16s, broker integrations, mutual funds, and cryptocurrency details. In contrast, myITreturn lacks broker integrations, requiring manual entry of some details. Cleartax offers comprehensive services for various income types and provides expert assistance, making it a preferred choice for tax filing needs.

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Clear offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants in India. Clear serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses across India.

Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources. Further you can also file TDS returns, generate Form-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income Tax Filing.

CAs, experts and businesses can get GST ready with Clear GST software & certification course. Our GST Software helps CAs, tax experts & business to manage returns & invoices in an easy manner. Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Clear can also help you in getting your business registered for Goods & Services Tax Law.

Save taxes with Clear by investing in tax saving mutual funds (ELSS) online. Our experts suggest the best funds and you can get high returns by investing directly or through SIP. Download Black by ClearTax App to file returns from your mobile phone.

Cleartax is a product by Defmacro Software Pvt. Ltd.

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