Under rule 8D of Sec. 14A
This query is : Resolved
09 March 2010
Under rule 8D of Sec. 14A of Income tax Act what is % of ad hoc addition of Common expanses. I got two % from two different books 0.5 % and 1.5 %. Which one is correct.
What is logic behind ad hoc deduction @ 50% on interest on Compensation, Compulsory acquired.
What is logic behind ad hoc deduction @ 50% on interest on Compensation, Compulsory acquired.
Aditya Maheshwari
(Expert)
11 March 2010
the adhoc disallowance of expenditure is 0.5% and not 1.5%
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