TMI BlogDisallowance u/s 14A r.w.r 8D - These expenses are directly relatable to earning of exempt income and...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. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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