What is the implication of disallowance u/s 14A if the expenditure incurred in a year is related with the exempted income which will accrued in future year ?
Please Reply............
Menu
Disallowance u/s 14a
Replies (1)
the concept is, if a certain income is exempt, the corresponding expenditure will not be allowed.
even if the expenditure is incurred in current year and income accrues in future years, AO can disallow such expenditure under section 14A
Recent Threads
- How does employee management software help in stat
- Clarification Required – Section 18 of Wage
- How to split freelance project income with a frien
- 194a for A y 2024-25
- Compensation & Benefits
- SAC code and GST rate transport services for anima
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
Related Threads
CAclubindia
