A Company Having investment in Subsidiary as Equity, whether Interest expenses on Term Loan & working capital loan is to be proportionately disallowed as per clause 2(ii) of rule 8D of IT Act 1961.
15 September 2012
SECTION 14A l EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE IN TOTAL INCOME
upto dividend received disallowed.. other will be allowable... for more info. https://www.caclubindia.com/articles/understanding-section-14a-impact-with-case-laws-9193.asp#.UFQ-VcIsJi0
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