Sec 57 plz reply 2 dis

 oki friend..But don 4gt to study serv tax and VAT from stdy material ok..esp if any specific services are mentioned..cos last time exam evrything was directly from stdy material..and its for 50 marks for IPCC ...so it does make a diff

 welcome friend..study well..

YA,i support   But in the book supplied by institue itself says that it will be allowed even if the income earned was exempt.. Case law-cit v. Rajindra prasad moody(page no-4.235 of taxation ipcc)

 check out the disc..it was about the case law only..it was quoted by kanveer

No expenses incurred to earn exempt income will never be allowed as deduction refer sec.14

expenses in case of earned exempt income shall not be allowed u/s 57 of income under the head other source