Interest disallowance u/s 14 a
This query is : Resolved
Shailendra Sharma
(Querist)
15 September 2012
Dear all
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.
Waiting for your quick response.
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.
Waiting for your quick response.
CA Lokesh Pokharna
(Expert)
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
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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