Income Tax Articles

Retrospective Taxation in India: Explained

Posted by Taxblock 13 September 2021 2520 Views

Understand retrospective taxation in India, its history, the Vodafone case, and the recent bill to abolish it. Learn how it impacts businesses.

Avoid ITR Filing Mistakes: A Quick Guide

Posted by Taxblock 13 September 2021 2205 Views

Don't get caught out! Learn the common Income Tax Return (ITR) filing mistakes to avoid, including choosing the right form and meeting deadlines.

Link Aadhaar with PAN: Benefits & How-To Guide

Posted by Taxblock 13 September 2021 2007 Views

Discover the benefits of linking your Aadhaar with PAN and follow our simple step-by-step guide to complete the process online. Ensure your PAN remains active.

Understanding LTA: Your Guide to Leave Travel Allowance

Posted by Taxblock 13 September 2021 3759 Views

Discover Leave Travel Allowance (LTA) and its benefits. Learn the rules, exemptions, and how to claim this tax-saving travel perk from your employer.

Presumptive Taxation: Not a Shortcut to Lower Taxes

Posted by CA.R.S.KALRA 13 September 2021 3918 Views

Understand presumptive taxation. It simplifies tax filing but doesn't permit declaring lower income than actually earned. Learn your obligations.

Tax on PF Interest Above Threshold

Posted by MOHIT JAIN 13 September 2021 3369 Views

Understand the taxability of interest on employee contributions to recognised provident funds exceeding Rs. 2.5/5 lakh. Learn when tax is due and about TDS.

Section 48: How to Calculate Capital Gains Tax

Posted by Ritik Chopra 13 September 2021 8633 Views

Understand Section 48 for capital gains tax. Learn how to compute short-term and long-term gains, including indexation rules and disallowed expenses.

Taxable PF Interest: New Rules Explained

Posted by Ajay Kumar Maggidi 13 September 2021 9495 Views

Understand the new rules for taxing interest on PF contributions. Learn how to calculate taxable vs. non-taxable amounts from April 2022.

Section 194P Updates: Specified Banks & Declaration Form

Posted by CS Tanveer Singh Saluja 04 September 2021 6475 Views

Understand recent updates to Section 194P regarding specified banks and the new declaration form (12BBA) for senior citizens. Get clarity on tax deductions.