Team eLagaan in Jury panel of Tarkash 2010

Navin Kumar from Team eLagaan was invited to Jury panel at Tarkash 2010 organized by ICFAI Business School, Bangalore.

It was great to be back to School after so long. The talent and passion demonstrated by these young grads was amazing. Many ideas were very innovative and addressed a large pain segment for Indians.

eLagaan congratulates the winning team wefaculty.com and wishes all success to all the teams. Salute to the Young face of Entrepreneurship.

Meet the Ideas that can change your life

National Geographic Channel is conducting a nationwide contest to identify innovative ideas that has the potential of changing our lives.

eLagaan has always been happy to support promising ideas and young talents in whatever way we can. eLagaan team brings some of these ideas unplugged to you from the contestants and winners of the Regional Finals - South, held at IIM Bangalore.

We wish them all success and luck for the Finals of the event to be held at New Delhi. Great Job!!! guys and keep up this spirit of innovation and entrepreneurship.

Wish you a Happy & Prosperous Diwali !!!

eLagaan Team wishes all our users, readers & subscribers a Very Happy, Prosperous, Healthy and Safe Diwali 2009 !!!



Diwali is celebrated across the globe as Festival of Lights to mark the triumph of Good over Evil and Light over Darkness.

eLagaan Free taxCAMP on 03-Oct-2009 @ Bangalore

AGENDA: Keep More of Your Salary & Save On Taxes

The freeze on salary hikes/ salary cuts and increasing inflation has made life difficult and challenging. This years' budget has provided very small relief by increasing the exemption slab from Rs.1.5lacs to Rs.1.6lacs. What should be done to get more of salary. One easier way could be to cut on your tax bills substantially and pocket this as your savings.

taxCAMP focusses on various avenues where you can reduce your taxes and also make your money grow, giving you double edged sword to combat inflation and salary cuts.

- Know your salary income
- Understand tax implications of various components
- Tips for taking Tax at POINT BLANK

This will be followed by a quick roundup about Basics on Income Tax, Filing of Tax returns and Tax refund process.
Get answers to your tax queries from our Tax Titans in an exclusive Question Answer session.
For advanced guidance and personalised services, you can interact with eLagaan team. Put them to the taxing task while you focus on your other core activities.
Before you pack off, network with other people, exchange ideas and concerns.

Schedule
10:00AM - 10:15AM : Registration
10:15AM - 11:00AM : Keep More of Your Salary & Save On Taxes
11:00AM - 12:00PM : Head-on with Tax Titans
12:00PM - 12:30PM : MEN at Work
12:30PM - 01:00PM : Networking session

Venue:
Indian Heritage Academy,
20th Main, VI Block, Koramangala,
Besides Koramanagala Police Station,
Next to Anjaneya Temple,
Bangalore 560095

Registration:
- FREE. No hidden charges of any type. (visit taxCAMP page to register)
- Feel free to bring a friend.
- Limited seats on first come basis

Would you like to setup a booth?
If you are a Service Provider individual or company, or you have a product that could help our attendees achieve the goal on saving taxes contact us and we can provide you a booth. And yes ofcourse, the booth is completely FREE too !!


About eLagaan taxCAMP
eLagaan taxCAMP is an unique program to empower Indian tax payers.

It provides a platform to :
- Know the critical aspects of income tax from general tax payer's perspective
- Learn tips and tricks to save taxes and money
- Clear the myths and mis-conception about income tax
- Get answers to your various queries on taxation from experts and authentic sources
- Understand the various processes like filing of returns, income tax refunds etc
- Networking with tax payers and tax experts

taxCAMP uses an easy-to-understand format keeping in view the needs of general tax payers. Attend a taxCAMP to empower your tax senses and live a dignified, less taxing life.

31 July is Due date & NOT the Last date

Every individual tax payer thinks 31 July is the last date of filing income tax return. This year there has been some mis-communication from income tax department as well stating July 31 is the last date of filing returns. The same was rectified and communicated in news papers.

The last date of filing income tax returns is 31 Mar and due date of filing income tax returns is 31 July.

There are few facilities which is not available for late returns (returns filed after 31 July). These are the impacts of late filing:
1. Interest: You will be liable for penal Interest u/s 234A @ 1% per month on the amount of tax due from the due date of filing returns.
2. Carry Forward of Losses: Losses like Business Loss (speculative or otherwise), Capital Loss (short term or long term), and Loss from owning and maintaining race horses are not allowed to be carried forward. Other losses, if any can be carried forward.
3. Revision: Late returns cannot be revised except if it is in pursuance of a notice under section 142(1)
4. Deductions: Deductions u/s 10A, 10B, 80-IA, 80-IAB, 80-IB and 80-IC are not allowed

Generally most of the individual tax payers under ITR1 and ITR2 category, donot have any losses to be carried forward. When you use eLagaan to prepare your tax returns, you can be assured of perfect returns, so no need to revise a return. So go ahead and prepare your tax returns for FREE at eLagaan without worrying that you have missed the 31 July deadline.

Remember 31 July is the due date and NOT the last date to file your returns.

How to file Income Tax Returns - A Guide

Here is a simple step by step guide on how to file you income tax returns in India. Use these simple steps to file your tax return (ITR, ITR1, ITR2, ITR3 etc) with no hassle with the Income tax department.

If you have further questions browse our Tax FAQ or ask away the question at our income tax forums. And remember preparing your income tax return is really easy and free with eLagaan.

Udaya TV talks about filing taxes in India - Interview with eLagaan team

Udaya TV (Top Kannada News Channel) talks about benefits of filing income tax returns with eLagaan.

In the small segment of video the eLagaan team talks about how for some tax payers July'31 may not be the last day to file income tax.



Udaya TV is a part of SUN TV Network.