direct tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 September 2010
section 14a ebsure thatexpenditure incured in relation to any exempt income is not allowed as deduction in the computing of income under any of the five heads of income.
BUT what will happen if expense incured for any income which is not exempt but there is dispute going on in a court of law. Can he claim expenditure when he receives in any other particular year ?
BUT what will happen if expense incured for any income which is not exempt but there is dispute going on in a court of law. Can he claim expenditure when he receives in any other particular year ?
CA Ketan Jain
(Expert)
04 September 2010
Section 14a speakes about only exemt income and related expenditure.
and regarding your query could you elobarate what is the dispute?
and regarding your query could you elobarate what is the dispute?
Dhirajlal Rambhia
(Expert)
05 August 2023
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