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Section 14 A
Suppose, my exempted income accrued in F.Y. 2018-19 and I have incurred expenses related to that but actually I earned income in F.Y. 2019-20 then my expenses will be disallowed In the year when exempted income accrued....is it correct?
Replies (2)
Quick Summary
Yes the expenses related to exempt income is disallowed in the year when income is accrued.
Ok sir...thank you so much
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