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"Filing taxes online is a convenient, fast way of getting it done, and we are happy to offer it free of cost to people when they open an account with us", said Mr. C R Chandrasekar, CEO of FundsIndia.com.

The FundsIndia.com account opening is also free from any charges or fees. "So, in effect, investors are getting a two-in-one deal - free online tax filing as well as a free account in our investment services platform," said Chandrasekar.

"The Income Tax department has been urging people to file their taxes online, and have promised faster processing of refunds for online tax filers", said Mamtha Banerjee, CEO of Investment Yogi, the company behind TaxYogi.

"We are looking forward to seeing a significant increase in the number of people coming forward to file online using the FundsIndia platform powered by TaxYogi. We are happy to be partnering with FundsIndia.com to make this free as well, making it much more beneficial to our customers."

The process for availing this offer is simple - one would just need to go to www.fundsindia.com and register for a new account and enter their tax filing details.

When their FundsIndia.com account gets activated (after verification of documents), their tax filing details will automatically get sent to the IT department. The filer would just need to send the signature verification document to the IT collection center to complete the process.

FundsIndia.com is a leading online investment platform specializing in mutual fund investments. All their mutual fund services -including investments, redemption, SIP etc. are fully free to the investors. Additionally, they also provide free advisory and other value-added services that would all be available to investors who hold an activated FundsIndia account.

The free online tax filing offer is open for both ITR-1 and ITR-2 tax filers, and will be open for a limited period.