Basics of Tax Archives | H&R Block | Blog

Basics of Tax

February 17, 2017

PAN Deactivation by I-T Department

Income Tax Department is on a mission to deactivate PAN cards of people. Don’t worry, they aren’t cancelling everyone’s PAN card. As per the law, an assessee is allowed to hold only one PAN card under his name, but some people keep multiple PAN cards […]
September 6, 2016
Tax Calendar - September 2016

Tax Calendar for September 2016 by Tax Toto

Hello friends! Remember me? I am your friend, Tax Toto. September is the month of Advance Tax payment and as your well-wisher, this brings me here today to tell you about not only Advance Tax payment due date but other important dates as well. I […]
March 31, 2016
Tax Toto

As financial years draws to a close, Tax Toto muses about the year gone by

  Hello, I am Tax Toto. On our birthdays and anniversaries, we reminiscence over the happenings of the year gone by. Well, toward the end of the financial year 2015-16, I am going through a similar feeling. All the changes to the way you save […]
January 22, 2016
Transfer Pricing

Transfer pricing – What should you watch out for

  Transfer Pricing (TP) Regulations in India were introduced in 2001 for curbing tax avoidance by laying down norms for computation of income arising from international transactions or specified domestic transactions(“SDTs”) having regard to the “arm’s length price”. Transfer pricing basically is the setting of […]
December 3, 2015

The Tax Cycle – Why paying taxes is in your own interest?

The Tax Cycle – Why paying taxes is in your own interest? Have you been contemplating why you need to pay income tax even though you are already contributing by paying service tax, excise duty, VAT, toll, entertainment tax and other forms whenever you buy […]
August 26, 2015

H&R Block – Pay Income Tax for the betterment of India

We have traditionally viewed income tax as an additional charge on our income that is paid to the government account. However we can also term income tax as simply a contribution paid by citizens of India to the government which in turn is utilized for […]
June 17, 2015

H&R Block – Direct Taxes and Indirect Taxes in India

  Benjamin Franklin, one of the founding father of United Nations has rightly said “In this world nothing can be said to be certain, except death and taxes.” We can’t tackle the first one but let’s talk about dealing with the latter – Tax . […]
April 30, 2015
File your taxes

H&R Block – Who all should file an income tax return?

  Just started earning, retired recently, very low income are people who are in a dilemma whether to file income tax returns or not. As they all dread the thought of taxes, they avoid filing returns. But is that the right way to approach? Let […]
March 3, 2015

H&R Block – Is amount received as expenses taxable or non-taxable?

Amount for expenditure is either given in advance or after the expenses are done by the employee, the amount is then reimbursed on submission of bills. In both cases the amount is tax free unless any form of profit is derived from the amount. In […]