Claiming exemption u/s 14a

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 May 2012
Income which is 100% exempt, can tax be paid on it and expenditure on exempt income which is disallowed u/s 14A be claimed?

Aditya Maheshwari (Expert)
Follow

21 May 2012 have unsucessfully tried that option before the AO.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

22 May 2012 Hi Aditya

Can please tell me y can't we pay tax on exempt income and claim expenditure.

Thanks in advance

Aditya Maheshwari (Expert)
Follow

22 May 2012 Because the same is not as per the act.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess