The Hindu Business Line : Microsec gets mandate for filing e-returns of individual taxpayers

BUSINESS and financial services consultant Microsec India Ltd has been authorised by the e-Return Administrator of the Government of India to accept and file tax returns on behalf of individual taxpayers. Now, for a nominal fee of Rs 100-150, taxpayers can file their returns through Microsec, which has been authorised to file e-returns for and on behalf of individuals in the eastern region.

According to Mr B.L. Mittal, the Government of India's authorisation to the company to file e-returns on behalf of individual taxpayers has come at a time when Microsec has firmed up plans to extend its range of financial services to other cities in the region such as Jamshedpur, Durgapur, Ranchi, Guhawati, Asansol and Raipur. "Large consultancy organisations focus on offering services to large corporates only.

"We have zeroed in on medium and small enterprises who can avail of our services in areas such as corporate & financial restructuring, corporate taxation, corporate advisory services, management strategy, loan syndication, intellectual property rights and litigation & arbitration support, etc," Mr Mittal said.

The company's clients include small and medium enterprises that generate a turnover of Rs 50-500 crore.

For services to individuals, Microsec has floated "Club Kautilya", whose members are offered a range of personal financial solutions in areas such as investments, risk management & insurance, expenses & tax management and personal liability management. "Earning money is easier than managing the money that is earned. Managing wealth along with appropriate risk management is more difficult. Club Kautilya offers wealth management and risk management solutions and services to individuals under one roof."

Club Kautilya's members include around 100 high networth individuals in Kolkata.

While the membership of Club Kautilya has been closed now, the experiment could be replicated in other geographies across the country at a later date.

According to Mr Mittal, Microsec has positioned itself as a "holistic provider" of a range of financial services and a "one-stop-financial solutions provider" for new projects that are coming up in West Bengal and in the eastern region.

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