Section 14a & rule 8d-exempt income

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

12 January 2018 Dear ALL,
Please help

1. If there is dividend income in year then what exp a company has to show on investment so that exempt income not to be club.

2. If there is no Exempt Income still Section 14A & RULE 8D will apply ? still dis allowance will be made ?

TIA.

Renu Goyal

Renu Goyal (Expert)
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18 January 2018 Yes 14A and rule 8D will apply even if no exempt income.

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2018 what exp. we have to disallowed against such income... I. e STT etc or