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of <h1>Rule 8D: Assessing Officer Must Recalculate Expenditure on Non-Taxable Income if Accuracy is Questioned</h1> Rule 8D of the Income Tax Rules, 1962, outlines the method for determining the expenditure related to income not included in total income. If the Assessing Officer doubts the accuracy of the assessee's expenditure claims or asserts no expenditure was incurred for such income, they must calculate the expenditure as per sub-rule (2). This includes direct expenditure related to non-taxable income and 1% of the average value of investments generating such income. The total calculated expenditure cannot exceed the assessee's claimed expenditure. The rule was amended in 2016 to simplify the calculation method.
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