#Section 14A
Log in to FollowDisallowance under Section 14A of Income TAx Act, 1961
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
Income Tax
Income Tax
S. 14A disallowance can be made even if there is no exempt income
Income Tax
Income Tax
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
S. 263 CIT can revise Assessment Order to make Disallowance U/s. 14A if AO fails to do so
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Income Tax
S. 14A not applies to Share Application money as it is not an investment
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Income Tax
If Assessee without challenging S. 14A computed disallowance, it cannot object to addition U/s. 14A
Income Tax
Income Tax
No disallowance for Interest on Loan given out of surplus interest free funds to Sister Companies
Income Tax
Income Tax
Disallowance U/s.14A cannot be made if assessee has not incurred & claimed any expenditure against exempt income
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Income Tax
