"Taxblock, founded in 2019, is a fintech startup located in Pune, Maharashtra. We are enrolled as an E-Return Intermediary with Income Tax Department & have established an In-House team of Technology & Tax Experts to build a “Financial Compliance Ecosystem” for Individual & Corporates. Our clients choose us over other services providers, as our tax filing services, are a mix of the traditional approach with automation which suits the needs of our clients. We target giving all year start to finish backing to our customers making the tax filing process simple and convenient & hassle-free. Our clients range from an entry level executive to the CEOs. We work continuously in advancing the digital platform so that individuals can easily get assistance from a tax expert and e-file their tax returns while relaxing at home/office. Our goal is to simplify the tax compliances for the Individuals & Corporates."
Discover everything you need to know about the Goods and Services Tax (GST) in India. Explore its history, organizational structure, rates, exemptions, and the impact on businesses and the economy. Stay informed to navigate the complexities of India’s tax system.
Learn about the importance of submitting proof of investment annually and how it can make your tax planning more efficient.
Article explains Benefits Of Opening an NRE Account in India, Eligibility Criteria to Have an NRE Account, What Happens to The NRE Account When You Come to India Again, What is an NRO account, Taxation Of NRO Account in India and Differences Between NRE AND NRO Accounts. A Non-Resident External (NRE) Account is a bank […]
Forms 1042, 1042-S, and 1042-T are U.S I.R.S taxation forms dealing with dealings with foreign persons, including non-resident aliens, foreign entities, etc. Forms 1042 and 1042-S need to be filed separately. The main difference between these forms is that form 1042-S is concerned with payments made to foreign nationals, while form 1042 is concerned with […]
Article explains who Eligibility of Overseas Citizenship of India (OCI) statu, Non-eligibility of OCI status, Benefits Available to An OCI Holder and Restrictions On OCI Holders. Overseas Citizenship of India (OCI) is a scheme introduced by The Citizenship (Amendment) Act, 2005 which provides permanent residency available to people of Indian origin and their spouses to live […]
Article explains What is Double Taxation Avoidance Agreement (DTAA), and how DTAA helps, types of relief under DTAA, Benefits of DTAA, How to claim DTAA benefits in India and What are the documents required for an NRI to claim DTAA benefit. What if you currently reside in the UK, have invested in India, and are […]
Many non-resident Indians (NRIs) came to India just as COVID-19 had started to spread and were stuck in India for a longer period. The main concern after the pandemic was regarding the treatment of their tax liabilities. However, the government has come up with various rules about the residential status of these people. Benefits In […]
Understanding FBAR regulations Learn about the Bank Secrecy Act and the reporting requirements for foreign financial accounts.
Discover the reasons for TDS mismatches with Form 26AS and the potential consequences. Learn how to rectify the discrepancies, including filing a revised TDS return or providing explanations to the tax department. Stay informed to ensure accurate tax reporting.
Understand the implications of Income Tax Act Sections 142 and 142A, covering notices to submit returns, making inquiries, and providing opportunities to assesses. Learn about directions for audits and consequences of non-compliance. Stay informed to ensure tax compliance.
