Bifalgorithm post
If you're about to file your ITR, do not miss this because most people end up making this mistake. Now if you're like most people, what you would do is you would download all your bank statements, your DMAT account statements, your mutual fund statements and you send that entire data dump to your CA. Now when your CA asks you a question, you get really annoyed because who has the time to pull out and look at what you did 12 months ago and answer that question. Now there is a smarter way to do this which will save you so much time. You know now there is an app which using API is given by the government's account aggregator framework. You just need to put a password as well as authorize it once. It will pull out all your bank statements, mutual fund statements, DMAT accounts, no matter which broker it is with, with GROW, Zerodha, any other. It will pull all of that and give you a summary. Now you can start asking it questions. For example, how much dividend did I earn during the year from which stock or what was the total interest I earned during the year from my FDs or from savings account. It will analyze all your data and give you simplified answers that you can share with your CA. Now this is much better than you uploading all your private confidential information on to say any random AI chatbot. Now this feature is called the wealth office on the small case app. Try it out and share it with someone who may need it.
If you're about to file your ITR, do not miss this because most people end up making this mistake. Now if you're like most people, what you would do is you wou…
Ideas in this flowchart
- ITR Filing Advice
- Common Mistake
- Data Dump to CA
- Annoyance with Questions
- Smarter Way
- App with API
- Authorization Process
- Data Summary
- Questioning Capability
- Wealth Office Feature
- Privacy Concern