Tuesday, December 2, 2008

eFile - Anytime, Anywhere

eLagaan has introduced a completely online web based tool "taxNinja" for Preparing Income Tax Returns (ITR) for FREE in India.

Now all the tax payers can use this tool to prepare their tax returns online. The tool is very simple and easy to use and doesnot require any expert knowledge to prepare tax returns.

Income tax department has initiated online filing of tax returns under e-governance program. This helps the tax payers to file their income tax returns online, without the need to visit local income tax office.

So no more standing in queues and spending time and money on preparing and filing the tax returns. Relax at your home/ office and prepare your tax returns with eLagaan and file them at income tax website -- all this at your convenience - Anytime, Anywhere in the world.

Visit taxNinja for preparing your tax returns online and upload them at Income tax department's website to file.

Friday, November 7, 2008

Income Tax FAQs

Checkout http://elagaan.com/faq for an extensive list of answers to frequently raised concerns on Income Tax, PAN, efiling process etc.
1. PAN : http://elagaan.com/faq/pan
2. Income from Salary : http://elagaan.com/faq/income-salary
3. Capital gains : http://elagaan.com/faq/capital-gains
4. Tax on income : http://elagaan.com/faq/tax-income
5. Income Tax Forms : http://elagaan.com/faq/itr
6. eFiling Process : http://elagaan.com/faq/efiling

and many more covering array of topics like taxable income, income from house property, income from business and profession, TAN, tax deducted at source, digital signatures etc.

Our FAQ section also offers, for the first time in India, ability to add your comments and discuss on a particular topic. So go ahead and get answers to all your frequently intriguing questions on various aspects of income tax. Check out http://elagaan.com/faq

Wednesday, October 29, 2008

Happy Diwali to you !!

eLagaan Team Wishes All Our Readers A Very Happy & Prosperous Diwali 2008 !!Happy Diwali by eLagaan
If you’re unaware what Diwali means, its the festival of lights where candles and handmade earthen oil lamps are lit to celebrate the victory of good over evil. Diwali is also marked as a Financial Hindu New Year for lot of communities in India.

Saturday, October 25, 2008

Connect with us at Linkedin - and other Tax Professionals

Yes we are now present on LinkedIn. So head over to LinkedIn to connect with other Tax Enthusiasts. You can join the group by visiting

Joining eLagaan LinkedIn Group is a great way of connecting of 1000's of Tax users, marketers and executives without actually adding them as a connection. It enables you to search the group for a particular skill and still know they are interested in.

According to Jason Alba it allows you to:

  • Expanded search capability
  • Expanded findability factory
  • Ability to browse through other Group members
  • Ability to inMail other Group members

Read more about how to benefit from LinkedIn Group here.

There is also a good amount of FAQ at the LinkedIn site about being part of the Group.

Friday, October 3, 2008

Income-tax filing date extended for Orissa

By eLagaan Team : The Central Board of Direct Taxes have extended the last date of filing of income tax returns and obtaining tax audit report under section 44AB of the Income Tax Act, 1961, due by 30th September 2008, to 31st October 2008 in the state of Orissa in view of the disruption caused due to floods in the state.

Renu Jauhri Director (ITA-II) said "On consideration of the reports of disruption caused due to floods inthe State of Orissa, the Central Board of Direct Taxes, in exercise of powersconferred under section 119 of the Income Tax Act, 1961, hereby extends thedue date for obtaining tax audit report under section 44AB of the Income TaxAct, 1961 as well as for filing of returns of income required to be furnished by30th September, 2008 to 31st October 2008, in the cases of income-taxassessees in the State of Orissa."

This should provide some relief to the tax filers in Orissa.

Saturday, August 16, 2008

Can I file my income tax returns after the due date?

Yes, you can file tax income tax returns after the due date upto end of assessment year (e.g. for FY 2007-2008, last date is upto 31-March-2009. Read on to find how you can file income tax returns after the due date and what could be impact of late filing.

DUE DATES for filing income tax returns:

Assessee Type

Due Date

A company


(e.g. for FY 2007- 2008, due date is 30-Sep- 2008)

A person other than a company whose accounts are required to be audited under the IT Act or any other law

A working partner of a firm whose accounts are required to be audited under the IT Act or any other law

A person other than a company, as referred above


Any other taxpayer


Note: If the last day for filing returns is a day on which the income tax office is closed, you can file the return on the next day afterwards on which the income tax office is open and, in such cases, the return will be considered to have been filed within the specified time limit/ due date.


Filing income tax returns after the due date is no different than filing it before the due date. The process and guidelines remains exactly the same. You can prepare and file your tax returns online or off-line (using paper returns).

Click for a step by step guide to prepare income tax returns online

Click to know the process for online filing of income tax returns


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. Deductions: Deductions u/s 10A, 10B, 80-IA, 80-IAB, 80-IB and 80-IC are not allowed

4. Revision: Late returns cannot be revised except if it is in pursuance of a notice under section 142(1)

5. Penalty: A penalty of Rs.5000 may be imposed u/s 271F if belated return is submitted after the end of assessment year (after 31-March-YYYY, e.g. for FY 2007-2008, end of assessment year is 31-March-2009).

Tuesday, August 12, 2008

How to eFile Income Tax Returns in India?

The Income tax department recommends that tax payers should file their income tax returns online. The online filing facility offers great convenience, can be used from anywhere and anytime across the globe. No more queues to submit your IT returns.

Many of our users have been asking questions about how to avail online filing. So, here it is, a simple and helpful presentation on "How to file your income tax returns online".

Monday, August 11, 2008

eLagaan User Guide

eLagaan offers the most convenient way to prepare and file income tax returns in India. Our endeavour is to ensure that both, a layman and a tax professional , should be able to prepare their tax returns with ease and without any external help.

Find out yourself, how easy it is to use eLagaan for preparing and filing income tax returns in India.

Sunday, August 10, 2008

How do I pay my income tax online?

You can now pay your income tax online. Here are few steps to follow for making online tax payments.

Q. What is the procedure for paying taxes online?
A. Follow these steps to pay tax online:-

Step 1
a) Click here to open online tax payment page of NSDL
b) Click on Please Click Here link located towards bottom of the page (you need to have an account with any of the listed Banks on this page, to avail online tax payment facility)
c) Select the required challan (For payment of income tax, select challan no. ITNS 280)

Step 2
After selecting the required challan, you will be directed to the screen for entering the following data:-
a)Select box "0021 Income-tax" if you are an individual or box "0020 Corporation-tax" if you are paying taxes for a company
b) PAN of the taxpayer
c) Name and address of the taxpayer
d) Assessment Year
e) Type of payment (e.g. "100 for advance tax payments" , "300 for self assessment tax payments")
f) Select the bank name from the drop down provided

Please ensure that you enter PAN correctly, as this is extremely important for further processing. The system will check the validity of PAN. In case PAN is not available in the database of the Income Tax Department then you cannot proceed with the payment of tax.

Step 3
After entering all the above detail, click on PROCEED button. The system will display the contents you have entered along with the “Name” appearing in the Income Tax Department database with respect to the PAN entered by you.

Step 4
You can now verify the details entered by you. In case you wish to modify any details, click on EDIT. To move further, click on SUBMIT button. You will be directed to the net-banking site provided by your bank.

Q. What is the procedure after being directed to the net banking site of the bank?
A. You will have to log on to the net banking site of your bank using your login ID and password/PIN provided by the bank. The details entered by you while filling up the challan will be displayed again.

You will now be required to enter the amount of tax you intend to pay and also select your bank account number from where you intend to pay the tax. After verifying the correctness, you can proceed with confirming the payment.

Q. What will happen after I confirm the payment of tax at my bank’s site?
A.Your bank will process the transaction online by debiting the bank account indicated by you and generate a printable acknowledgment indicating the Challan Identification Number (CIN). You can verify the status of the challan in the Challan Status Inquiry using CIN after a week of making payment.

Q. What is Challan Identification Number (CIN) and what is its relevance?
A. Challan Identification Number (CIN) has three parts
a) Seven digit BSR code of the bank branch where tax is deposited
b) Date of Deposit (DD/MM/YY) of tax
c) Serial Number of Challan

CIN is used to uniquely identify the tax payment. CIN has to be quoted in the return of income as a proof of payment. CIN is also to be quoted in any further enquiry.


Saturday, August 9, 2008

How to Apply for PAN card in India

You can now apply for a PAN (Permanent Account Number) card online in India. We have tried to answer few queries about the PAN card here:

Q. What is a PAN?
A. PAN (Permanent Account Number) is a ten digit alphanumeric number issued by Income Tax Department. This is issued in form of a laminated card (called PAN card).

Q. Who must have a PAN?
A. All tax payers who are required to furnish Income Tax Return should have a PAN.
All persons intending to enter into financial transactions, where quoting of PAN is mandatory must also obtain PAN.

Q. Can I have more than 1 PAN?
A. No. Having multiple PAN for same person or company is against the law

Q. How do I apply for PAN?
A. You need to fill up Form 49A and apply for PAN. You can apply for PAN online or offline. Click here to apply for PAN online. Alternatively, you can submit the completed Form 49A at IT PAN Service Centre or TIN Facilitation Centre.

Q. What documents are required with PAN application?
A. 1. For Individual applicants need to affix one recent, coloured photograph (Stamp Size: 3.5 cms x 2.5 cms) on Form 49A
2. Proof of Identity: Copy of school leaving certificate or matriculation certificate or degree of a recognized educational institution or depository account or credit card or bank account or water bill or ration card or property tax assessment order or passport or voter identity card or driving license or certificate of identity signed by a MP or an MLA or a Municipal Councilor or a Gazetted Officer
3. Proof of Address: Copy of electricity bill or telephone bill or depository account or credit card or bank account or ration card or employer certificate or passport or voter identity card or property tax assessment order or driving license or rent receipt or certificate of address signed by a MP/ MLA/Municipal Councilor / a Gazetted Officer

To know more about PAN, visit our PAN Card FAQ. .

APPLY FOR YOUR PAN CARD NOW (takes you to govt. site).

Thursday, August 7, 2008

eLagaan supports Go Green Initiatives

We at eLagaan support the Go Green Initiative and strongly recommend all our members to encourage this. Let us help conserve the natural resources, so that our children can enjoy good living standards. Together we can make a difference.

Did you know: For every ton of paper that is recycled, the following is saved: 7,000 gallons of water; 380 gallons of oil; and enough electricity to power an average house for six months

So eFile your income tax returns and say NO to paper returns.

To know more about GO GREEN initiative, click here

Tuesday, August 5, 2008

eLagaan is Carbon Neutral

eLagaan is a carbon neutral website. Becoming carbon neutral means that we have obtained a carbon offset to balance out any greenhouse gas emissions we create by running our website and back office operations.

We hope to continue our efforts to make the earth a better place to live. To learn more about carbon offseting or going green visit http://en.wikipedia.org/wiki/Carbon_offset

Sunday, August 3, 2008

Take a Quick Tour

eLagaan is gaining popularity for preparing and filing income tax returns online in India. Thanks to all our members for their support and feedback. It is our endeavour to make preparing and filing of income tax returns a child's play. Moreover, its completely FREE.

Take a quick tour to find why eLagaan is the most preferred place for preparing and filing income tax returns (itr) in India and we are sure you will also join the revolution.

Tuesday, July 15, 2008

eLagaan goes Live

eLagaan offers online preparing and filing of Income Tax Returns in India. eLagaan offers a user experience that is class apart and one of the best in the industry in terms of features, navigation, accuracy, security and state-of-the-art technology, resulting in highest tax savings. Check these features and enjoy filing your tax returns:

* Multiple profiles – Manage tax returns of all your family members with a single account
100% FREE – No apparent or hidden charges of any type
* Friendly navigation – Step-by-step simple question-answer model
* No prior knowledge of taxation required – Its now a child’s play to prepare tax returns
* Accuracy guaranteed – Designed by experienced top-notch tax professionals
* Always updated – No more worries about ever changing tax laws
* Fully secured – Keeps all your information secure and confidential

So fill IT… file IT… forget IT and leave all your tax worries to eLagaan

Thursday, June 5, 2008

Welcome to eLagaan blog

eLagaan is the FIRST and ONLY website in India to offer online preparing and filing of Income Tax Returns (ITR) for FREE.

We believe that every individual should be able to file their own taxes. eLagaan makes Filing Income Tax Returns a breeze and a child's play. So watch this space for the upcoming release of eLagaan.