#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
No Section 14A/ Rule 8D Disallowance without considering the the claim of the assessee
Income Tax
Income Tax
No Sec.14A disallowance if assessee is dealer of shares and securities
Income Tax
Income Tax
S.14A Addition in Excess of Expenses debited to P/L a/c not permissible
Income Tax
Income Tax
AO can invoke Rule 8D only when he records satisfaction in regard to the correctness of the claim of the assessee
Income Tax
Income Tax
No disallowance can be made U/s. 14A with regard to investment in foreign subsidiaries
Income Tax
Income Tax
No Disallowance U/s 14A if investment been made by assessee out of its own interest free funds
Income Tax
Income Tax
Rule 8D was not applicable in A.Y. 2006-07 for making disallowance U/s. 14A
Income Tax
Income Tax
No Disallowance U/s. 14A if Interest Free Fund exceeds fund Invested in Exempted Income Investments
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Income Tax
S. 14A disallowance can be made even if there is no exempt income
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Rule 8D(2)(ii) & (iii) not applies to shares held as stock-in-trade but S. 14A applies
Income Tax
Income Tax
Prior to AY 2008-09, disallowance of expenses relating to exempt income u/s. 14A is to be computed on a reasonable basis and not as per rule 8D
Income Tax
Income Tax
Expense specifically relatable to taxable income cannot be disallowed U/s. 14A & Rule 8D
Income Tax
Income Tax
S. 271(1)(c) Admission of quantum appeal by HC shows that issue is debatable
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Income Tax
