Sec. 14A r.w Rule 8D

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..... Sec. 14A r.w Rule 8D
Query (Issue) Started By: - Venkatesan K Dated:- 25-2-2011 Last Reply Date:- 25-2-2011 Income Tax
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Income Tax
Is it true that Rule 8D could render an asses .....

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..... see face more disallowances than the amount of exempt income? if yes, can anyone give an example to describe such a situation? Thank you, Venkatesan.K Reply By DEV KUMAR KOTHARI: The Reply: No . .....

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..... Expenses should be claimed as business expenses for business of adventure in nature of trade or commerce and expenses for holding and carrying inventory or investment- trading or capital assets of bu .....

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..... siness. Such expenses are not expenses for earning dividend or LTCG.
Discussion Forum - Knowledge Sharing .....

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