Rule 8d of income tax rules, 1962

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nikita tayal (Querist)
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26 July 2016 If a company has an exempt income & corresponding to the exempt income, Company is disallowing its proportionate Administrative expenses. Would company liable to disallow an additional expenses of one percent of average investment from which Exempt income emerges under sub rule 2(ii) of Rule 8d of income tax rules, 1962

Amol S Joglekar

Amol S Joglekar (Expert)
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26 July 2016 Rule 8 D (2) comes into play after rule 8 D (1)......namely....if assessing officer is NOT satisfied
If Asseessing Officer is satisfied about the correctness of the claim, then there is NO need to add 1 % as envisaged in rule 8 D (2)

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Rule 8d of income tax rules, 1962

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