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Design and Development of Capital Gain Tax Computation Application

Solution

In order to make the system scalable, secure, easy to use and maintain, the solution was built using Web Based and Client Server technologies. The data was stored in a Relational Database in order to make it better manageable and easier to query and update.

A team of Business Analysts were dedicated to understand the functional aspects of the existing system and collaborate with SMEs.

Binary Semantics Conceptualized, Designed and Developed a Software solution that supported:

All tradable financial instructors like Bonds, Equities & Derivatives were covered and various 'Corporate Action' transactions with their impact on tax computation were incorporated. The web based system had following set of key features:

Benefits

The key benefits of the system are:-

This flexible and configurable solution enabled our client to automate end-to-end Capital Gains Tax computation and returns filing process, resulting in significant reductions in process time and human efforts, while achieving very high degree of calculations accuracy.

 

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