#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Sec.14A-No disallowance where No exempt income
Income Tax
Income Tax
No disallowance u/s. 14A on shares held as stock-in-trade
Income Tax
Income Tax
AO cannot straight away apply rule 8D, without considering claim of assessee U/s 14A(2)
Income Tax
Income Tax
Disallowance u/s 14A on exempt investment
Income Tax
Income Tax
Easwar Committee Recommendations For Income Tax Reforms Through Administrative Instructions
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Income Tax
Simplify Section 14A to remove ambiguity
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Income Tax
Disallowance u/s 14A gets attracted even if a mix of interest bearing & non-bearing funds used to make investments earning exempt income
Income Tax
Income Tax
Section 14A: Consolidating latest Judicial Developments
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Income Tax
If absence of exempt income disallowance u/s 14A not warranted
Income Tax
Income Tax
Section 14A disallowance only for Expenses not directly relatable to exempt or taxable Income
Income Tax
Income Tax
Disallowance u/s 14A while computing book profit u/s 115JB permitted, covered in explanation to Sec.115JB (2)
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Income Tax
Penalty U/s. 271(1) (c) not attracted on addition U/s. 14A on debatable issue
Income Tax
Income Tax
S. 14A AO must establish nexus between expenditure & exempt income, give reason for disallowance & it should not exceed the exempt income
Income Tax
Income Tax
