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?
Income which is 100% exempt, can tax be paid on it and expenditure on exempt income which is disallowed u/s 14A be claimed?
21 May 2012
have unsucessfully tried that option before the AO.
Message likes :
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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
Can please tell me y can't we pay tax on exempt income and claim expenditure.
Thanks in advance
22 May 2012
Because the same is not as per the act.
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