Yureeka Taxes Reports Season-To-Date Adoption of Online Tax Preparation Software

Hyderabad, Andhra Pradesh, India

Yureeka Internet Services Pvt. Ltd. today reported that adoption of their free software for online preparation of Income Tax Returns exceeded projections. Number of registered users preparing their taxes online continues to grow among both individuals filing their returns and among tax accountants preparing returns for their clients.

Daily user registration for online preparation of Income Tax Returns for Assessment Year 2007-08 keeps growing at Yureeka Taxes. Feedback on ease of use and on time spent completing a return has been very encouraging and above initial expectations. The spectrum of registered users spans young Internet-savvy professionals, small-size accounting firms, retirees willing to embrace the networked world, and tax accountants handling more clients than they would be able to when preparing returns manually.

Yureeka Taxes collects tax-related data from the user through a structured flow of simple questionnaires. From the data collected, the application calculates the tax payable or refundable, and creates an Income Tax Return ready for filing. The completed return is made accessible through the registered user's private account for printing, signing, and filing. Certified accountants validate the application for accuracy and adherence to the tax laws. The application provides full support for the Income Tax Forms ITR-1, ITR-2, and ITR-3 for Assessment Year 2007-08.

The company is ramping up its operations to face the increased traffic load as the deadline for filing approaches. The infrastructure is built to sustain hundreds of concurrent users every hour. Yureeka Taxes will be available for free throughout the tax season from the company web site at http://www.yureeka.com.

About Yureeka: Yureeka Internet Services Pvt. Ltd. is a privately held company incorporated in India to provide an online financial portal targeting Internet users across India. Last February, the company launched Yureeka Local, providing an online presence for business entities in the cities. Yureeka Local and Yureeka Taxes can be accessed from the company web site at http://www.yureeka.com.

Source: Yureeka Taxes (Business Wire India)

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