Addition u/s 14A - one needs to read the words "expenditure ...

Income Tax

November 19, 2018

Addition u/s 14A - one needs to read the words "expenditure incurred" in Section 14A in the context of the scheme of the Act and, if so read, it is clear that it disallows certain expenditure incurred to earn exempt income from being deducted from other income which is includible in the "total income" for the purpose of chargeability to tax.

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Addition u/s 14A - one needs to read the words "expenditure ...

Income Tax

November 19, 2018

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