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Disallowance u/s 14A

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(Querist)
25 March 2011 If the individual assessee having income from dividend which is exempt from tax and also having salary source of income. Whether disallowance u/s 14A attracts. Please justify.
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Neeraj Bansal CA

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Neeraj Bansal CA (Expert)
25 March 2011 well dividend is specifically exempt under income tax act

and if u had both these income then only salary income will be taxable , No 14A attracts in this case

Neeraj Bansal
+917760650028

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