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
Menu
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..............!!!!!!!!!!!!!!!!
Recent Topics :
- Transport agency accounting entry in purchase &
- REGARDING HSN CODE FOR WASHING JOB CHARGES
- Advance Tax Due Date 2026
- Query – Interest on Capital Received by Part
- Query - Section 164(2)(a) – Interpretation o
- Submission for Expert Opinion on Rectification of
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
Related Topics :
CAclubindia
