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Income Tax - Highlights / Catch Notes

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Disallowance u/s 14A - no separate books of account are ...


Section 14A Disallowance: Estimate Admin Expenses When No Separate Books for Taxable & Exempt Income Exist.

February 12, 2016

Case Laws     Income Tax     AT

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

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