Tuesday, September 28, 2010

Due date for filing Corporate income tax returns extended to 15-Oct-2010

CBDT in a recent order has extended the due date for filing of income tax returns for all Tax audit cases (both Corporates and Individuals) from 30-Sep-2010 to 15-Oct-2010.

The extension has been made for disturbance in general life caused due to floods and heavy rains in various parts of the country.

eLagaan offers the most convenient way to prepare and file your taxes. Just get in touch with eLagaan Support and we take care of the rest. No travel, No Hassle to prepare and file your corporate tax returns.

Saturday, July 31, 2010

Due date for Filing Income tax return extended to 04-Aug-2010

CBDT in a recent press release has announced extension of due date for filing income tax returns. Now income tax returns filed upto 04-Aug-2010 shall be considered as filed within the due date.

So go ahead and prepare your tax returns if you have still not done so.

A recent press release attributed some snag in the efiling system and inclement weather conditions at many location as the reason for extension of date. More details at Income Tax Website.

eLagaan offers the most convenient and user friendly way to prepare your income tax return right from your desktop. So you need not travel anywhere in this inclement weather and file your tax returns from the comfort of your home. eLagaan has been rated # 1 in India by variety of TV Channels and Newspapers for 2nd successive year.

Wednesday, July 21, 2010

Suvarana News TV - Hassle free way of preparing income tax returns

Suvarna News 24x7 TV (a Star TV Channel - Kannada) finds during a recent review of our income tax return tool, that eLagaan is simple and easy to use, takes only 10-15 minutes for end to end process and is hassle free (no need to stand in queues, fill up long forms etc.)

Now you need not waste time, money and efforts to prepare your tax returns. Act smart and choose the right way of preparing income tax returns.

eLagaan has been Rated # 1 in India by variety of TV Channels, Newspapers and other medias for 2 successive years.

Monday, July 19, 2010

Kasthuri TV - Income Tax Returns made Easy at eLagaan.com

Kasthuri TV (one of the most popular channels in Karnataka) reviews our tax return preparation process and finds how easy it is now to prepare your tax returns at eLagaan. "It takes only few minutes to prepare your returns and is very convenient and user friendly". "eLagaan offers systematic process so that chances of any errors are eliminated". These are few of comments and reviews given by our users while discussing with Kasthuri TV team.

Now you donot need any tax expert to file your tax returns. You can do it completely on your own and proceed with eFiling (recommended) or manual filing, all right from your desktop/ home.

If you are still waiting for a tax expert to come and file your tax return, try eLagaan and discover on your own as to why eLagaan has been Rated # 1 in India for 2 years in succession.

Saturday, June 26, 2010

eLagaan is now Authorised PAN Service Agent

UTI Technology Services Limited, one of the 2 agencies appointed to issue PAN cards in India by Income Tax Department, has appointed us (Lamingo) as Authorized PAN Service Agent. This means that we can accept PAN applications from customers and process them directly without a 3rd party intermediary.

Get your PAN card right from the comfort of your home now. You don't have to travel anywhere or take any hassles in getting a PAN card. Send us the filled PAN application alongwith required supportings over post/ courier and get the PAN card at your doorstep. eLagaan brings the best of technology and service assurance levels to ensure hassle free PAN cards for all its users.

Checkout our extensive Knowledge Base on PAN cards to get answers to all your PAN queries.

Important Note: As per new provision of tax deduction at source (TDS) under the Income Tax Act 1961 effective from April 1, 2010, TDS at higher of the prescribed rate or 20% will be deducted on all transactions liable to TDS, where the Permanent Account Number (PAN) of the deductee is not available.

Friday, May 28, 2010

Meet eLagaan team in Booth#28 @ Startup City event

eLagaan is exhibiting at Startup City on May 29 & 30, 2010. We have planned special packages, surprise gifts, exciting events etc. during these 2 days. So come and meet the eLagaan team at Booth#28.

eLagaan will unveil whole new range of business support pages to make it more user friendly, transparent and informative.

So if you are looking to Register a company in India & USA, or looking for expert CA services for your business, connect with us to see how eLagaan can work with your organization.

Silicon India has been organizing startup city event every year, helping various startups to connect and network with each other. The demand has been increasing and it is estimated that about 10000 people will attend the event this year.

Monday, May 10, 2010

eLagaan ties up with Commonfloor

eLagaan announces special tie up with Commonfloor to help serve the residents and associations in a effective, professional and efficient manner.

Commonfloor users can now enjoy an exclusive discount of 10% on online tax return products from eLagaan. Please contact the Commonfloor support or eLagaan Support for more details on the offer and how to avail the same or visit this page for more details.

Housing Associations registered with Commonfloor can also enjoy special discounted prices on various services like registering your association, filing annual returns and complying with various statutory requirements etc.

About eLagaan:
eLagaan offers a variety of tax and compliances related services and has been ranked # 1 in India by various TV Channels, newspapers, blogs and other medias. eLagaan focuses on simplicity and making the whole process simple to use.

About Commonfloor:
CommonFloor is an online application that provides a feature rich and private portal for your residential community (Apartment Complex, Gated Layout, Villas or a Colony), to help you have better and effective information sharing among all members.

eLagaan accepts Itz Cash payments

eLagaan brings the power of cash cards to tax preparation and other services. After a long pending demand of our users, we have now enabled accepting Itz Cash cards for making payments for our entire range of services.

Itz Cash cards are No. 1 in India for cash card transactions with about 20,000 distributors and agents spread across India. You can also walk in to any Itz Cash outlet to get help on your various tax related queries.

Tuesday, March 2, 2010

Paypal - New Withdrawal Instructions for India

eLagaan releases detailed purpose codes for export transactions. These can be used while initiating withdrawals from Paypal account or wherever the purpose codes are required to be furnished.

Paypal in their blog today announced new bank withdrawal instructions for their customers in India.
"As I indicated in my earlier blog post, we are making changes to comply with Indian regulations for settlements for exports of goods and services. In order to facilitate this process, PayPal will be suspending new withdrawals on March 1, 2010. We expect to resume the service on March 3rd. When you select the ‘Withdraw Funds’ option on your PayPal account after March 3rd, we will ask you to fill out a new field entitled ‘Purpose Code’. This information is required under the laws of India in order to identify the nature of cross-border merchant transactions."

What is Purpose Code?
Purpose codes are unique codes used by your bankers to furnish various information to Reserve Bank of India. You donot need any registration for purpose codes and they are pre-defined. For any international business transactions which mandates a purpose code, the same should be specified.

When is Purpose code needed?
Whenever you receive money at your Bank in India, your Bankers will require a purpose code to be associated, if the money received is for a international commercial transaction. Only after identifying the purpose code, the banker can credit the amount to your account. Since the bankers are not aware of the purpose for which the money is received, you should provide the purpose for the same.

You can check out details of various purpose codes here. Please confirm with your bankers once before actually using the same.

Sunday, February 28, 2010

Get Export code for Paypal

eLagaan announces special package for getting export code to get your money from Paypal.

INDIVIDUALS can also get an export code.

As many of you may be aware that PayPal recently announced that all the Business owners need to have an export code to withdraw money (see below).

To support our users on this issue we have created a special page for information on IEC (Import Export Code) here. Also noticeable is the detailed IEC FAQ.

Here is a small presentation on the subject.

Here is what we have from Paypal's recently announced in their blog:
"I’m pleased to tell you that the RBI has now allowed us to resume bank withdrawals for settlements for exports of goods and services. We are currently making changes to comply with Indian regulations for settlements for exports of goods and services, and we anticipate that as of Wednesday, March 3rd, we will be able to resume the bank withdrawal service. As part of the changes, you will be required to fill out a new field entitled ‘Export Code’ when you request a withdrawal. This information is required under the current laws of India in order to identify the nature of cross-border merchant transactions. On Monday, March 1st, we will be back in touch with specific instructions on how you can move your money into your bank account. I will be posting another blog then. I’d like to thank the RBI for working with us to get this addressed. We know this is an inconvenience to you and we appreciate your patience. Moving forward, the RBI has told us that PayPal needs specific approvals to allow personal inward remittances to India, which we currently do not have. Until we get these approvals, personal payments into India will remain suspended. However, if you are an exporter, you will continue to be able to use the PayPal service for payments of goods and services. In fact, with the changes we are making to our system, PayPal is now set to be a more powerful engine for exporters in India. With purpose codes for export transactions and FIRCs (Foreign Inward Remittance Certificates), you should now be able to get the export related benefits you seek."

Click here to get your export code for Paypal in just few clicks.
For more details on import export code, checkout our IEC page or IEC FAQs.

Saturday, February 27, 2010

Budget 2010 - The Greens & Reds

India has been looking forward to a progressive budget after recent recession to boost the economy and control inflation. This year budget can be term as Populist as many stimulus has been rolled back. But it has more of Greens and less of Reds, so relax and donot get tensed.

For Individuals:
* The basic exemption slab has not been changed and kept at existing Rs.1.6 Lacs
* Tax slabs has been changed to provide relief to middle and high income earners. The new tax slabs are:
# upto 1.6 Lacs - NIL
# 1.6 to 5 Lacs - 10%
# 5 to 8 Lacs - 20%
# Above 8 Lacs - 30%

* Additional Deduction of Rs.20,000/- is provided u/s 80C (in addition to existing Rs.1 Lac) for investments in Long term infrastructure bonds as notified by Central Government bonds
* Ambit of deductions in respect of contributions to Health insurance schemes has been widened to include Central Government Health Schemes.
* Saral-2 to be introduced for current year instead of ITR. eLagaan will launch the new forms as soon as the same are released by IT department, so no more worry with changing formats when you prepare the tax returns at eLagaan.

For Businesses:
* Surcharge for companies has been reduced from 10% to 7.5%
* Minimum Alternate tax has been increased from 15% to 18% of book profits
* Deductions in respect of expenses incurred on in-house research & development has been increased from 150% to 200%
* Deduction on payments made to approved research institutes for scientific research has been increased from 125% t0 175%
* Limit for accounts to be audited has been increased from 40Lacs to 60lacs for businesses and from 10lacs to 15Lacs for Professionals
* Interest for delay in depositing taxes has been increased from 12%p.a. to 18%p.a

Other Highlights
* Petrol and diesel will cost more
* Normal cars to cost more and ELECTRIC cars to cost less
* Custom duty on precioous metals like Gold, Platinum etc. hiked from Rs.200 to Rs.300 per gram
* GST and Direct Tax Code to be applicable from 01-Apr-2011

Monday, February 22, 2010

Headstart appreciates eLagaan for supporting Startups & Enterpreneurs

Headstart network appreciated eLagaan at their 2nd Anniversary Celebrations of Startup Saturday on 13-Feb-2010, for our various activties and commitment to Startups, Small Businesses and Entrepreneurs.

We are truely moved by this gesture and THANK Headstart for the same. We also acknowledge and complement Headstart network for their unbiased support and efforts to ensure success and recognition for Startups. We pledge to continue our support.

Wednesday, February 10, 2010

Changes to Privacy Policies

At eLagaan, we are aware of the trust you place in us and our responsibility to protect your privacy. As part of this responsibility, we have updated our privacy policies to ensure more transparency, security and safety of your data.

Please visit eLagaan Privacy Central for more details on the updated Privacy Policies. These policies are in effect from 10-Feb-2010 00:00 Hrs IST.

For any privacy related queries, please feel free to write to us at support AT eLagaan DOT com.

-eLagaan Support

Tuesday, January 19, 2010

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.