Articles by Taxblock

PAN vs TAN: Understanding Your Tax Numbers in India

Posted by Taxblock 26 April 2023 10425 Views

Discover the difference between PAN and TAN, two crucial tax identification numbers in India. Learn who needs them and their purpose.

Income Tax Offences & Penalties Explained

Posted by Taxblock 26 October 2021 1912 Views

Understand various income tax offences and the penalties applicable under the Income Tax Act, 1961. Learn about fines for non-compliance and defaults.

Clubbing of Income: Section 64 Explained

Posted by Taxblock 26 October 2021 3819 Views

Understand Section 64 of the Income Tax Act on clubbing of income. Learn when income is added to your tax return and specific scenarios. Read now!

Income From Other Sources: Tax Deductions Explained

Posted by Taxblock 03 April 2024 6407 Views

Understand 'Income from Other Sources' and learn about tax deductions on interest, family pensions, lottery winnings, and eligible expenses. Maximise your savings!

Income from House Property: Tax Calculation & Deductions

Posted by Taxblock 26 October 2021 2794 Views

Understand how to calculate income from house property. Learn about GAV, NAV, standard deductions, and home loan interest deductions.

Income from Capital Gains: Taxable Profits Explained

Posted by Taxblock 26 October 2021 3264 Views

Understand Income from Capital Gains. Learn what qualifies as a capital asset, the types of gains, and how indexation can reduce your tax liability.

Income Tax Deductions: Save Money with Section 80C & More

Posted by Taxblock 26 October 2021 2011 Views

Discover key income tax deductions in the UK, including Section 80C investments, HRA, educational loans, and medical insurance. Reduce your tax liability today!...

Understanding Income from Salary: A Comprehensive Guide

Posted by Taxblock 19 October 2021 5764 Views

Learn what constitutes income from salary, how it's calculated, and explore taxable vs. non-taxable allowances and perquisites. Understand Form 16 and 26AS.

Income Tax Rebate & Reliefs: Section 87A & 89 Explained

Posted by Taxblock 19 October 2021 4530 Views

Understand income tax rebates under Section 87A and reliefs under Section 89. Learn eligibility and how to claim these benefits to reduce your tax liability.

GST Registration: Who Needs It & Documents Required

Posted by Taxblock 19 October 2021 7939 Views

Discover if you need GST registration and the mandatory documents for online application. Learn about turnover limits and requirements for various business types.