Hi,
I want to know how to make calculation u/s 14A .when
1) there is no direct expenses attributable to dividend
2) no loan has been taken for investment
Thanks & Regards,
Girish Kapoor
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section 14 a
Replies (4)
The department has come of with a notification and has inserted rule 8D and the calcuation of the same is as below:
Working of Section 14A as per rule 8D for y. e.
1
Directly attributable
-
2
Interest which cannot be
X
Average Value of Stock
directly attributable
---------------------------------------
Average Total Assets
-
-
-
-
-
-
-
-
3
0.5% of average value of Stock related to tax free
-
-
Disallowance u/s 14A on shares held as stock in trade
-
| Originally posted by :Aditya Maheshwari | ||
| " | The department has come of with a notification and has inserted rule 8D and the calcuation of the same is as below: iT MEANS I HAVE TO CALCULATE AVERAGE VALUE OF STOCK. AND 0.5 OF THIS IS THE DISALLOWANCE AMOUNT. M I CORRECT?? Working of Section 14A as per rule 8D for y. e. 1 Directly attributable - 2 Interest which cannot be X Average Value of Stock directly attributable --------------------------------------- Average Total Assets - - - - - - - - 3 0.5% of average value of Stock related to tax free - - Disallowance u/s 14A on shares held as stock in trade - |
" |
hello i am attaching a excel file it may help u
Thanks a lot
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