Circular on Section 14A
File details
File description
CBDT notifies amended Rule 8D for computation of disallowance u/s 14A, clarifies that amount of disallowance as computed under Rule 8D shall not exceed total expenditure claimed by the assessee; Deletes sub-clause (ii) in Rule 8D(2) which dealt with computation of expenditure towards interest (not directly attributable to any particular income/ receipt) as per the prescribed formula; Increases the rate to be applied on annual average value of investments from 0.5% to 1%; Amended Rule shall come into force on the date of its publication in the Official Gazette: CBDT #pdf
Comments
Recent Files in Income Tax
View more →Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Popular Files
- CA Intermediate Corporate and Other Laws Question Paper New Course September 2026
- CA Intermediate Advanced Accounting Question Paper New Course September 2026
- CA Intermediate Cost & Management Accounting Question Paper New Course September 2026
- CA Intermediate Taxation Question Paper New Course September 2026
- Performance of Private Corporate Business Sector during Q1:2026-27
- RBI Data on Forex Inflows
- ICAI Members' Journal - September 2026
- ICAI Students' Journal - September 2026
- User Manual of UDIN Portal for ICAI DigiCA Platform
- ICAI Releases Handbook on Residential Status for NRIs
CAclubindia
