Income Tax Filing, ITR - Black

ClearTax

About this app

Filing income tax returns and investing in tax-saving mutual funds, SIP, and ELSS just got simpler! Download the BLACK App by Cleartax and finish your income tax e-filing in just 3 minutes! Let Cleartax take taxes off your mind.

India's #1 ITR e-filing platform and direct mutual fund investment app aims to simplify ITR e-filing and investments in India.

Income Tax Return (ITR) Filing via BLACK

1. File in just 3 minutes and in 3 simple steps
2. Autofill data with just one click
3. 1000s of capital gains transactions imported in seconds
4. Supports multiple Form 16s
5. Auto-selection of tax regime and ITR form

Why use the BLACK App?

1. File ITR on the go in 3 simple steps and 3 mins
2. Autofilled data with just PAN details
3. Best investment app to invest in ELSS and save Rs 46,800

For e-filing tax returns

Option 1: File with the details pre-filled from the government-authorised e-filing portal.
Step 1: Select the 'File ITR with pre-filled data' option
Step 2: Enter your credentials - your PAN is the username.
Step 3: Review and edit the details if required
Step 4: Click on 'Submit to finish e-filing'

Option 2: Upload your Form 16
Step 1: Select the 'Upload Form 16' option
Step 2: Upload Form 16
Step 3: Verify the details and click 'Submit' to finish filing

If you have switched jobs within a year, you can upload multiple Form 16s. Cleartax will read your Form 16s and help you file your income tax returns.

What does the BLACK App provide?

Invest in direct mutual funds via BLACK

1. Easy to decide on how to invest in direct mutual funds and ELSS funds
2. Curate the mutual fund pack yourself.
3. Receive timely updates on the performance of mutual funds
4. Track the status of your investments in SIPs and ELSS funds
5. Check and manage your mutual fund portfolio
6. Invest through the app for free and grow your wealth

How does the BLACK App work?

1. For investing in mutual funds
2. Log in or sign up on the BLACK App by Cleartax
3. Choose the most suitable fund among our handpicked mutual fund plans.
4. Choose the preferred mode of investment (lump-sum or SIP)
5. Complete your KYC process
6. Link your bank account and transfer the amount
7. Receive details of your investment, such as the folio number, through an email or SMS.

The features of the BLACK App:

ITR e-filing: BLACK lets you upload multiple Form 16s. It's easy, safe, and convenient. The app will also show your pending tax dues (if any). Once you receive the confirmation, you can track the status of your ITR filings.

Invest in free direct mutual funds: With BLACK, you can invest in all kinds of mutual funds, such as large-cap funds, small-cap funds, ELSS funds, liquid funds, debt mutual funds, high-performance funds and balanced funds. You can even choose to invest either in lump-sum funds or via a systematic investment plan.

Tax savings with ELSS funds: With BLACK, you can make your savings grow. You can quickly learn, save, and invest.

Source & Disclaimer: We've sourced certain information from incometaxindia.gov.in. The Black App is an independent and privately owned platform. The Black App does NOT represent any government entity NOR is it affiliated with the Income Tax Department of the Government of India.

Ratings and reviews

Sep9, 2024 update: Updating review. Pathetic support. App is crashing since more than a week, have sent multiple emails for solution and escalation, nothing is happening. Unable to redeem. Have sent multiple screen recordings, falls on deaf ears. I am going to close my account and stop using the app altogether. Update from 2021: Love ClearTax and their app. I use all my MFs investments using the same app.

Few critical things are missing in the App like unavailability of Annual Capital Gains Tax Report. When I fill ITR returns, there is a one click integration with all major platforms to pull my aggregate capital gains tax, however Black is not in that list. It is the most basic feature for a MF platform to have in my opinion. There is not even a manual export for the same. It is frankly tiresome to calculate my STCG from individual redemption transactions in today's world.

The fund house allocation does not happen on time; there is too much delay in the interface for updating the mutual fund portfolio after allocation. I invest in regular SIP & lump sum amount to buy a mutual fund when the market was down, but I did not receive the allocation on time due to delays in approval from Cleartax to the mutual fund house. As a result, I often end up with a higher NAV allocation. There is a duplicate SIP in the app, and I am unable to pause or cancel it on app or portal