Section 14a

This query is : Resolved

hetalmaniyar (Querist)
Follow

18 September 2014 in one of our company, all the income are exempted income and no interest expenses. so the dis-allowance u/s 14A will be 0.5% of average investments. but the problem is dis-allowance is of Rs. 1,00,000/-. but total expenses in the books are Rs. 30,0000/-. how can be dis-allowance more than actual expenses incurred? please guide me in the matter

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

18 September 2014 see if this case helps you https://taxguru.in/income-tax-case-laws/section-14a-rule-8d-disallowance-interest-income-exceeds-expenditure.html

Message likes : 1 times

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

18 September 2014 https://taxguru.in/income-tax-case-laws/section-14a-rule-8d-disallowance-interest-income-exceeds-expenditure.html

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

ASHOK B GONDKAR

rana andcompany

Raj Jaggi

SHRI HARIRAO

Raviraj ponkshe

Subscribe Now

Section 14a

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

GST CONSULTANCY

Accountant

Senior Executive

Manager- Finance and Compliance

CA Final