Sec. 14A Disallowance of expenses incurred on exempt income

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Devendra (Querist)
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08 May 2010 How is the disallowance amount calculated u/s Sec. 14A? What are the expenses which are disallowed?

Thank you,
Regards,
Devendra

Aditya Maheshwari

Aditya Maheshwari (Expert)
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08 May 2010 See rule 8D

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Devendra

Devendra (Querist)
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08 May 2010 Can u give me examples of such expenses ??

Aditya Maheshwari

Aditya Maheshwari (Expert)
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08 May 2010 If any expenses can be directly attibutable to the investment then the same should be added. There is no list of expenses as such. They can be any expenses.

As per rule 8D
2. Interest which cannot be X Avg. Value of Stock
directly attributable ------------------------------
Avg. Total Assets

3. 0.5% of average value of Stock related to tax free

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Devendra

Devendra (Querist)
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08 May 2010 Thanks Aditya..!! :)

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