Taxation case laws Archives - H&R Block| Blog

Taxation case laws

December 11, 2017

Education Cess Cannot Be Levied as Excise Duty is Exempt in Backward States

Within a family or community, people generally help the one who can’t help him/herself or perhaps he/she just needs a helping hand to stand up firmly on his/her own feet.  In a country, it is the job of the government to take care of those […]
December 5, 2017

Scrutiny Assessment Parameters For Revised or Belated ITRs Filed Post Demonetisation

When demonetisation was announced late last year, many people were left scrambling trying to convert their old bills into the new ones.  The country was in state of chaos for several subsequent weeks.  Though it caused a lot of headache for the common public, the […]
December 4, 2017

Exemption Granted u/s 54EC For Investment Made After Delay of Over Six Months

The saying “rules are not set in stone”, exists for a reason.  Our world is governed by rules to prevent wrong doings.  However, as the saying goes “there are exceptions to every rule”.  Income Tax laws exist to govern the citizens by preventing corruption, tax […]
November 28, 2017

NRI Income Non-Taxable in India if Stay Abroad Exceeds 182 Days

With companies stretched around the globe, it is not uncommon for employees to travel abroad or be deputed for work related purposes.  A scenario which is more prevalent in today’s global economy.  This change in the work environment led to amendments being made to the […]
November 16, 2017

New Exemption Limit for Agriculturists on Cash Transactions u/s269ST

Exemptions to many taxation and income laws have always included farmers, including section 40A(3), which disallows any cash transactions (i.e. not made by cheque/electronic/draft) above 10,000 for all business transactions.  However, rule 6DD of 40A(3), exempted agriculturists.  Recently an amendment, 269ST, was made during the […]
November 14, 2017

Relief for Home Buyers under GST

Anybody who booked or made partial payments for their under construction properties before July 1st, 2017 should not face any increased costs under the new GST scheme.  Any builder demanding more money because of GST is in violation of profiteering u/s 171 of GST law […]
November 13, 2017

Late Penalty for Filing and Payment Delays u/s 234A and 234B Amended

The income tax department can charge penalties for persons who fail to file their return of income by the due date.  Under section 234A the assessee can be charged a late penalty of 1% interest for every month of delay in filing.  Furthermore, under section […]
October 9, 2017

CBDT Proposes Mechanism for Self-Reporting on Income & Taxes

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 […]