Articles by Taxblock

What is Audit? Types Explained | Financial, IT & More

Posted by Taxblock 20 September 2023 6702 Views

Discover what an audit is and explore key types like financial, operational, IT, and statutory audits. Learn how audits ensure compliance and transparency.

Loans Explained: Types & Tax Benefits for Individuals & Business

Posted by Taxblock 08 October 2021 2969 Views

Discover different types of personal and business loans, including wedding, medical, and education loans. Learn about available tax benefits on loans.

Bank Deposits & Tax Benefits: Savings, Fixed, Current Accounts

Posted by Taxblock 27 March 2022 1728 Views

Explore different bank deposit types like Savings, Current, Fixed, and Recurring. Discover applicable tax benefits under the Income Tax Act.

Sukanya Samriddhi Yojana: Tax Benefits Explained

Posted by Taxblock 08 October 2021 3561 Views

Discover the tax benefits of the Sukanya Samriddhi Yojana scheme. Learn about deductions, interest exemptions, and maturity benefits for your daughter's future....

Indian Residential Status: How to Determine Your Tax Status

Posted by Taxblock 25 September 2021 4798 Views

Understand your Indian residential status for tax purposes. Learn the criteria for individuals, companies, HUFs, and more. Determine your taxability now!

EPF, PPF & NPS: Differences & Tax Benefits Explained

Posted by Taxblock 25 September 2021 3394 Views

Compare EPF, PPF, and NPS schemes. Understand their features, benefits, and tax advantages for IT employees and individuals. Make informed financial decisions.

Who is a 'Person' Under IT Act 1961? Definition Explained

Posted by Taxblock 25 September 2021 1993 Views

Understand the definition of 'person' under the Income-tax Act 1961. Learn about individuals, firms, HUFs, companies, and more. Read now!

Tax on Gifts & Awards for Sportspeople in India

Posted by Taxblock 25 September 2021 2898 Views

Understand tax on gifts and awards for sportspersons in India. Discover exemptions and tax rates under the Income Tax Act.

Capital Gains Tax Explained: Types, Exemptions & More

Posted by Taxblock 23 March 2022 8103 Views

Understand capital gains tax in the UK. Learn about long-term vs. short-term gains, how to calculate them, and available tax exemptions. Get informed!