TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income-tax Act Section 14A Amended: New Rules for Assessing Expenditure on Tax-Exempt Income from April 1, 2007</h1> Section 14A of the Income-tax Act is amended to include new sub-sections effective April 1, 2007. Sub-section (2) authorizes the Assessing Officer to determine the expenditure related to income not included in the total income if the officer is unsatisfied with the assessee's claim regarding such expenditure. Sub-section (3) extends this provision to cases where the assessee asserts no expenditure was incurred for income not forming part of the total income. These amendments provide a framework for assessing expenditure claims related to tax-exempt income.
TaxTMI 
TaxTMI 
