sec 14A
This query is : Resolved
06 September 2009
Assesse is a share broker& member of calcutta stock exchange. He earned a dividend income of Rs. 6.00 lacs in f/y 2006-07 on shares held as stock & as investment. He has no such expenses directly attributable to such dividend income. will sec 14A apply. If not, any ITAT or court decision in favour of the assessee.
06 September 2009
Daga Capital Management Services Pvt. Ltd. 119TTJ 289 (MUMBAI) (SB) judgment has made Section 14A a mess and also Rule 8D which will squarely apply in your case. Disallowance u/s 14A will be computed as per rule 8D or as per any other method that u can prove to the satisfaction of the A. O.
06 September 2009
Agree with expert, u can prove anything to the A.O. based on case law
06 September 2009
The case law of Daga Capital is against the assessee and in favour of the department.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
