#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
No Disallowance U/s. 14A if Assessee have sufficient Own Funds to make Investment
Income Tax
Income Tax
Section 14A AO cannot disallow expenses without recording his findings
Income Tax
Income Tax
Section 14A applies only where there is actual receipt of income
Income Tax
Income Tax
Section 14A disallowance can be made even if Interest Received is more than Interest Paid
Income Tax
Income Tax
Rule 8D disallowance not applicable where assessee has no investments– ITAT
Income Tax
Income Tax
Disallowance u/s 14A, suo moto or otherwise, not sustainable if interest free funds exceeds tax free investments
Income Tax
Income Tax
If there is no loss to revenue then there would be no Disallowance and Rule 8D is not applicable for A.Y. 2007-08
Income Tax
Income Tax
Discount on issue of ESOP is allowable expenditure u/s 37: ITAT
Income Tax
Income Tax
AO has to record his satisfaction before proceeding to make addition u/s 14A
Income Tax
Income Tax
Disallowance u/s 14A cannot be made on ad-hoc basis
Income Tax
Income Tax
Addition for low GP ratio cannot be made if it is consistent with previous Years without any change in factual position
Income Tax
Income Tax
No disallowance u/s 14A if no exempt income earned or received
Income Tax
Income Tax
Only Investments in respect of which income is exempt to be considered in working of disallowance U/s. 14A
Income Tax
Income Tax
