Disallowance u/s 14A r.w.r 8D - These expenses are directly ...

Income Tax

April 20, 2020

Disallowance u/s 14A r.w.r 8D - These expenses are directly relatable to earning of exempt income and the same has already been disallowed by the assessee while computing its income under normal provisions. However, the same has not been added back while computing Book Profits u/s115JB. Keeping in view the clause (f) to explanation-1 to Section 115JB (2), the same would be added back while computing Book Profits u/s 115JB.

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Disallowance u/s 14A r.w.r 8D - These expenses are directly ...

Income Tax

April 20, 2020

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