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Articles by Taxblock

Retrospective Taxation in India

Posted by Taxblock 08 September 2021 2479 Views

On 5th August 2021, The Taxation Laws (Amendment) Bill, 2021 proposed to remove the provisions of retrospective effect of tax completely. This step had resolved the problem of 17 industries.

Mistakes one should avoid while filing Income Tax Return (ITR)

Posted by Taxblock 08 September 2021 2172 Views

While the filing of ITR has several advantages but committing minor mistakes may sometimes attract huge penalties therefore one should be cautious while filing his own ITR.

Benefits and Procedure of Linking Aadhaar with PAN

Posted by Taxblock 08 September 2021 1978 Views

As per Section 139AA of the Income Tax Act, every person who has PAN as on July 1, 2017, is required to link their PAN with their Aadhaar number within the due date notified by the government.

Understanding LTA & its benefits

Posted by Taxblock 08 September 2021 3708 Views

This allowance is provided by the employer to cover the travel expenses of the employee when he is gone for a holiday trip. Leave Travel Concession is another name of LTA.