direct tax
This query is : Resolved
Querist : Anonymous
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 ?
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 ?
04 September 2010
Section 14a speakes about only exemt income and related expenditure.
and regarding your query could you elobarate what is the dispute?
and regarding your query could you elobarate what is the dispute?
05 August 2023
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Income Type for interest from government bonds
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Valuation of diamonds as on 01.04.2001
- What is meaning of merging of expenses or income in accounts
- Accounting treatment of write off sundry debtors
- Gstr 9 2023-24
- GSTR-9 HSN Summary and Credit Note without item
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
- Bill from Dispatched from issue.
Trending Online Classes
-
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
Mr.Balamurugan Ranganathan15 November 2024
CAclubindia
