#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
Income Tax
Income Tax
Section 14A of Income Tax Act, 1961 – Controversial Provision
Income Tax
Income Tax
If dividend is not received, disallowance u/s 14A cannot be made
Income Tax
Income Tax
Without receipt of exempted income, Section 14A cannot be invoked
Income Tax
Income Tax
No disallowance u/s 14A, where assessee have sufficient own funds for making investment
Income Tax
Income Tax
If AO not satisfied with correctness of expenditure claimed, he has to proceed in manner prescribed in Rule 8D(2)
Income Tax
Income Tax
Disallowance U/s. 14A cannot exceed expenditure claimed as a deduction
Income Tax
Income Tax
No Disallowance under section 14A If Own Funds Exceed Borrowed Funds
Income Tax
Income Tax
No disallowance U/s 14A if there is no exempt income
Income Tax
Income Tax
Sec 14A – Disallow only directly related Expense; Disallowance should not exceed tax on Exempt Income – ICAI
Income Tax
Income Tax
Section 14A – Investment not resulting in any exempt income cannot be considered for of disallowance under Rule 8D(2)(i)
Income Tax
Income Tax
No disallowance U/s. 14A relating to expenditure attributable to dividend and tax-free interest, etc.
Income Tax
Income Tax
Section 14A have no application if Assessee not made any claim for exemption
Income Tax
Income Tax
No tax-free income – No Disallowance U/s. 14A r.w. Rule 8D – HC
Income Tax
Income Tax
