Section 14 A

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752 Points Posted on 14 May 2020
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?
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On 14 May 2020 at 11:09 Report
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This discussion clarifies the rules around claiming expenses related to exempt income. The consensus is that expenses are disallowed in the financial year the exempt income accrued, even if the income was actually earned in a later year. This means you cannot claim deductions for expenses if the associated income was exempt in a prior financial period.

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25 Points Posted on 14 May 2020
Yes the expenses related to exempt income is disallowed in the year when income is accrued.
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On 14 May 2020 at 11:39
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752 Points Posted on 14 May 2020
Ok sir...thank you so much
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On 14 May 2020 at 11:41

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