14a disallowance

You can follow the course of action as per Rule 8D of Income Tax Rules.

The Expenditure in relation to Exempt income is Aggregate of following:

1. Directly Tracable Expenditure in relaion to Exmpt Income Plus
2. Pro-Rata Amount of Exps. (other than those included in 1) Plus
   A*B/C
   where,
   A = Amount of Exps.;
   B = Ave Value of Investments (income on which is Exemt);
   C = Ave Value of Total Assests
3. 0.5% of 2. - B above

Kindly approach to your consultant for a proper solution.