Dear colleagues
If there is no direct nexus between exempt income earned & the interest expenses ,then whether sec 14A read with rule 8D is applied or not ??
Please reply as earliest
thanking you
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Sec 14A
Replies (1)
Rule.8DD(2) (ii)/(iii) clearly specifies that it has to be taken into computation irrespective of any direct nexus b/w the two........so it shall in included in the computation irrespective of its direct relation..............!!!!!!!!!!!!!!!!
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