TMI BlogDisallowance u/s 14A - exempt income is out of investments in mutual funds - in the case of a mutual...Disallowance u/s 14A - exempt income is out of investments in mutual funds - in the case of a mutual funds, administrative and managerial expenses are factored in the investments itself, hence separate disallowances towards administrative expenses is not called for ..... X X X X Extracts X X X X X X X X Extracts X X X X
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