calculation with example u/s 14A
This query is : Resolved
21 September 2009
can u please provide me working u/s 14A on .5% on average investment method and also opening investment is redeemed during the year shall consider for calculation of above method
21 September 2009
Suppose your opening value of investment as on 1st April 2008 was Rs. 100 and closing value as on 31 March 2009 was Rs. 200. Then your average value of investment would be Rs. 150. 0.50% of the same would come to Rs. 0.75. This is to be considered for 14A calculations
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