Articles by Taxblock

GST compliance burden on food delivery applications & restaurants

Posted by Taxblock 07 December 2021 7533 Views

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

Posted by Taxblock 07 December 2021 3383 Views

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

Posted by Taxblock 07 December 2021 7010 Views

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

Posted by Taxblock 07 December 2021 4551 Views

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

All about 26AS under Income Tax Act

Posted by Taxblock 07 December 2021 2055 Views

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

Short term capital loss

Posted by Taxblock 30 November 2021 4936 Views

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.

What is tax planning and why it is so important for individuals or businesses

Posted by Taxblock 29 November 2021 2138 Views

Tax planning is a process of analyzing one's financial situation during the year and coming up with various exemptions and deductions that reduces tax liability in a legitimate manner.

Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

Posted by Taxblock 29 November 2021 1870 Views

Scheme for Remission of Duties and Taxes on Exported Products (RODTEP) was launched in 2020 from 1st January 2021 through the ministry of commerce and industry Govt. of India. This scheme is applicable to the export of products but not services.

What are the ROC Compliances under the Companies Act?

Posted by Taxblock 27 November 2021 9315 Views

Companies Act, 2013 provides for compulsory annual filing for all the company which are incorporated under Companies Act, 2013 or any other previous act and for all LLP under Limited Liability Partnership Act, 2008. The filing with ROC can be done once in a year or on the happening of any event.