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 ?
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?
05 August 2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- Dep. as per companies act
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- UDIN ISSUE
- Change Of Karta In Case of Death
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
