Articles by Taxblock

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TDS And TCS under Income Tax

  Taxblock    11 July 2022 at 08:43

TDS and TCS are the government's most important sources of revenue. It's also critical for businesses to pay their taxes on time to avoid penalties and remain compliant.



What is Tax, Financial & Retirement Planning

  Taxblock    07 July 2022 at 09:02

Financial Planning and Tax planning are considered to be the same tax, but these concepts are not similar. Both financial planning and tax planning are interconnected.



Recent notices on foreign relief disallowance (FCRA)

  Taxblock    07 January 2022 at 08:43

The FCRA license is a mandatory registration granted to an NGO or any other nonprofit making organization which allows them to receive funding from abroad.



GST compliance burden on food delivery applications & restaurants

  Taxblock    07 December 2021 at 11:29

From January 1, 2022, Food delivery apps will primarily collect 5% GST with the government, on behalf of the restaurants, for deliveries made by these platforms.



E-commerce company: How to start and financial/tax compliances around it

  Taxblock    07 December 2021 at 11:29

The person who wants to start e-commerce business has two modes which is either he can start with e-commerce website or join market place.



How to save money without investment

  Taxblock    07 December 2021 at 09:49

The income tax department have provided various deductions and exemptions to the taxpayers that can be subtracted from the taxable income under chapter VI A under Section 80 to reduce the burden of tax.



Listing a company on stock exchange & IPO application process

  Taxblock    07 December 2021 at 09:49

LISTING A COMPANY ON STOCK EXCHANGE & IPO APPLICATION PROCESSThe year 2021 so far has been the best year for the initial public offerings (IPOs) and listing



How are winnings from fantasy games taxable in India?

  Taxblock    07 December 2021 at 09:49

As per the Federation of Indian Fantasy Sports, the income of these operators expanded in last few years. Which increased to Rs. 2400 crores in financial year 2020. Also, there was expansion in number or operators there was 10 in 201 and now there is 150 in 2020.



All about 26AS under Income Tax Act

  Taxblock    07 December 2021 at 09:48

Form 26AS is an important tax filing as it is Tax Credit Statement.



Short term capital loss

  Taxblock    30 November 2021 at 09:38

When the amount received from the sale of capital asset is less than cost of acquisition plus expenses on transfer can be termed as capital losses. The loss can be earned from any of the Short-Term Capital loss or Long Term Capital loss depending upon the period of holding.