Disallowance
This query is : Resolved
07 November 2016
Hello sir
My client has purchased the shares from his own funds (not the borrowed funds) and has earned the dividend income on the same.
Now on scrutiny, the AO has applied Section 14A read with Rule 8D and made the disallowance..
Is AO correct as the investments are from own funds..??
Thnks in advance
07 November 2016
please confirm whether your dividend income is TAXABLE or not??????
07 November 2016
then?
When the income is exempt, how can you claim the expenditure associated with that?
Please tell me your logic.
When the income is exempt, how can you claim the expenditure associated with that?
Please tell me your logic.
08 November 2016
That's wat m saying....sir as per rule 8D, dere is disallowance as per method specified
08 November 2016
then what is your problem?
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