Section 14a r.w rule 8d
This query is : Resolved
17 January 2015
Hello everyone,
Can anybody please explain me Section 14A r.w Rule 8D with a simple example??
I have read many examples on google but could not get a conceptual clarity on it.
thank you in advance.
Can anybody please explain me Section 14A r.w Rule 8D with a simple example??
I have read many examples on google but could not get a conceptual clarity on it.
thank you in advance.
CA Hardik Bunha
(Expert)
17 January 2015
it is very simple.
if u earn exempt income then debit some exp. as per formula provided in rule 8D.
If u didnt incur exp, still debit some exp otherwise assessing officer will reject your books of accounts.
if u earn exempt income then debit some exp. as per formula provided in rule 8D.
If u didnt incur exp, still debit some exp otherwise assessing officer will reject your books of accounts.
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