Treatment under rule 8D of Income Tax

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..... Treatment under rule 8D of Income Tax
Query (Issue) Started By: - Anil Singhania Dated:- 14-11-2011 Last Reply Date:- 15-11-2011 Income Tax
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Income Tax
Dear Sir, Please sugges .....

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..... t me wrt to the following issues: 1. A unlisted public company becomes a partner in LLP and having profit sharing ration is more than 50%, As profit of LLP is taxable in the hand of LLP and not in .....

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..... the hand of partners so in the case if a unlisted public company is partner, WHAT WOULD BE TREATMENT OF EXEMPTED PROFIT RECEIVED BY SUCH COMPANY AS PER RULE 8D OF INCOME TAX? Reply By tarsem gupta: T .....

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..... he Reply: The income from share from firm is exempt from tax u/s 10(2A). Under section 14A read with rule 8D any expenditure incurred on the exempted income is not allowable as deduction from the Inc .....

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..... ome of the assessee.
Discussion Forum - Knowledge Sharing .....

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