TMI BlogSection 14A Disallowance: Estimate Admin Expenses When No Separate Books for Taxable & Exempt Income Exist.Disallowance u/s 14A - no separate books of account are maintained for taxable income and exempt income - some expenditure on account of administrative expenses has to be disallowed on reasonable estimate basis - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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