Sectioan 14 rule 8d
This query is : Resolved
16 November 2013
Dear sir
1-we have invested in listed company Rs 5000.00 in f.y 2005 & also invested unlisted group company Rs 300000000.00(30crore) .
2- we have received dividend RS 10000.00 FROM LISTED COMPANY IN THR F.Y 12-13.
3- NO EXPENDITURE INCURRED FOR DIVIDEND
4- TOTAL INTEREST PAID RS. 40 CRORE IN THE COMPANY F.Y 12-13
QUERY:-
FOR CALCULATION U/S 14A (RULE D)WE SHOULD TAKE TOTAL INVESTMENT (300000000+5000) OR ONLY RS 5000.00 OR DIVIDEND RECEIVED AMOUNT RS 10000
1-we have invested in listed company Rs 5000.00 in f.y 2005 & also invested unlisted group company Rs 300000000.00(30crore) .
2- we have received dividend RS 10000.00 FROM LISTED COMPANY IN THR F.Y 12-13.
3- NO EXPENDITURE INCURRED FOR DIVIDEND
4- TOTAL INTEREST PAID RS. 40 CRORE IN THE COMPANY F.Y 12-13
QUERY:-
FOR CALCULATION U/S 14A (RULE D)WE SHOULD TAKE TOTAL INVESTMENT (300000000+5000) OR ONLY RS 5000.00 OR DIVIDEND RECEIVED AMOUNT RS 10000
16 November 2013
Rs 10000 is not relevant here.
You can take a stand that only Rs 5000 should be included for computation of disallowance under Rule 8D since investment in private companies can lead to both exempt or taxable income
For this you may refer: Pune ITAT judgment in the case reported 120 TTJ 397
You can take a stand that only Rs 5000 should be included for computation of disallowance under Rule 8D since investment in private companies can lead to both exempt or taxable income
For this you may refer: Pune ITAT judgment in the case reported 120 TTJ 397
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
- Unregistered suppliers utility
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- RATE AND HSN CODE
- TDS AND ITR ISSUE
- GST Rate for Catering Services
- FCRA 6 E- Intimation
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
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
