Taxation case laws Archives - H&R Block| Blog

Taxation case laws

October 9, 2017

Proposal for insertion of new Rule 39A and Form no. 28AA

The CBDT had proposed a draft notification for creating a mechanism for self-reporting of the estimated current income and taxes. The assessees for such reporting are taxpayers, viz companies and people (individuals, firm, etc.) to whom tax audit cases are applicable by voluntary compliance. Additional […]
September 8, 2017

ITAT allows Multiple Year Exemption u/s 54F for an under Construction House

Taxes arising from capital gains often become a reason for conflict between taxpayers and income tax authorities. When it comes to the sale of any property other than a residential house, section 54F comes as a relief for taxpayers by offering exemption on resulting capital […]
August 25, 2017

GST on Services not to be Included in TDS – CBDT Clarifies

The Ministry of Finance had come up with a circular few years back in 2014, clarifying the amount, on which to calculate the TDS, to be deducted on payments made to residents. Generally, when service tax component is added to the bill / invoice as […]