Happy Diwali to you !!

eLagaan Team Wishes All Our Readers A Very Happy & Prosperous Diwali 2008 !!

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.

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.

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.