Articles by Taxblock

Income Tax Offences & Penalties Explained

Posted by Taxblock 26 October 2021 1901 Views

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

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

Posted by Taxblock 26 October 2021 1969 Views

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

Income from Capital Gains: Taxable Profits Explained

Posted by Taxblock 26 October 2021 3250 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 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.

Clubbing of Income: Section 64 Explained

Posted by Taxblock 26 October 2021 3774 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 Tax Rebate & Reliefs: Section 87A & 89 Explained

Posted by Taxblock 19 October 2021 4511 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.

Understanding Income from Salary: A Comprehensive Guide

Posted by Taxblock 19 October 2021 5719 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.