Rule 8D of the Income Tax Act - Prospective or Retrospective

Hiral Raja , Last updated: 05 February 2009  
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Section 14A was introduced in the Income Tax Act, 1961 by the Finance Act 2001 with retrospective effect from 1st April 1962. The intent of introducing this section was reiteration of the well settled legal principle that when an assessee incurs any expenditure in relation to income which is not lia

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Hiral Raja
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Category Income Tax   Report

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