No disallowance U/s. 14A in absence of actual receipt of income which is not includible in total income

Advocate Akhilesh Kumar Sah

The expression “does not form part of the total income” in Section 14A envisages that there should be an actual receipt of the income, which is not includible in the total income, during the relevant previous year for the purpose of disallowing any expenditure incurred in relation to the income in questionPlease become a Premium member. If you are already a Premium member, login here to access the full content.