Interest disallowance u/s 14 a
This query is : Resolved
15 September 2012
Dear all
A Company Having investment in Subsidiary as Equity, whether Interest expenses on Term Loan & working capital loan is to be proportionately disallowed as per clause 2(ii) of rule 8D of IT Act 1961.
Waiting for your quick response.
A Company Having investment in Subsidiary as Equity, whether Interest expenses on Term Loan & working capital loan is to be proportionately disallowed as per clause 2(ii) of rule 8D of IT Act 1961.
Waiting for your quick response.
15 September 2012
SECTION 14A l EXPENDITURE INCURRED IN RELATION TO
INCOME NOT INCLUDIBLE IN TOTAL INCOME
upto dividend received disallowed.. other will be allowable...
for more info. https://www.caclubindia.com/articles/understanding-section-14a-impact-with-case-laws-9193.asp#.UFQ-VcIsJi0
INCOME NOT INCLUDIBLE IN TOTAL INCOME
upto dividend received disallowed.. other will be allowable...
for more info. https://www.caclubindia.com/articles/understanding-section-14a-impact-with-case-laws-9193.asp#.UFQ-VcIsJi0
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