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.

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.

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.

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.

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.

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.

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.