Easy Office
LCI Learning

direct tax

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
03 September 2010 section 14a ebsure thatexpenditure incured in relation to any exempt income is not allowed as deduction in the computing of income under any of the five heads of income.
BUT what will happen if expense incured for any income which is not exempt but there is dispute going on in a court of law. Can he claim expenditure when he receives in any other particular year ?
Profile Image

CA Ketan Jain

Profile Image

CA Ketan Jain (Expert)
04 September 2010 Section 14a speakes about only exemt income and related expenditure.

and regarding your query could you elobarate what is the dispute?
Profile Image

Dhirajlal Rambhia online

Profile Image

Dhirajlal Rambhia online (Expert)
05 August 2023
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links