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Dividend

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(Querist)
21 March 2012 If The dividend income is exempt u/s 10 ,Can anyone tell me the reason for deduction, that we claim for incurring bank commission?
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Utsav

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Utsav (Expert)
22 March 2012 Expenditure incurred for the exempt income is not allowed as deduction.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
23 March 2012 If you claim expenses against the exempted income then it is not allowable for deduction otherwise. The provision of Section 14A and rule 8D will be applied and no deduction is to be allowed.




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