#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
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)
Income Tax
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
Share application money not to be included in average investment in disallowance u/s 14A r.w. Rule 8D
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
