https://www.taxtmi.com/article/detailed?id=824 Section 14A bars deductions for expenditure relating to income that does not form part of taxable income under the entire Income tax Act, and empowers the Assessing Officer to determine the disallowable amount by prescribed methods when the assessee's accounts do not satisfactorily establish the claim. The provision distinguishes 'total income under this Chapter' from 'total income under this Act', so it applies only where the income is not chargeable to tax under the Act as a whole; income taxed under another scheme (for example at distribution or at entity level) is treated as part of the Act's total income and falls outside Section 14A. en-us Tue, 15 Jun 2010 00:00:00 +0530 Tue, 15 Jun 2010 07:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=824 Section 14A bars deductions for expenditure relating to income that does not form part of taxable income under the entire Income tax Act, and empowers the Assessing Officer to determine the disallowable amount by prescribed methods when the assessee's accounts do not satisfactorily establish the claim. The provision distinguishes 'total income under this Chapter' from 'total income under this Act', so it applies only where the income is not chargeable to tax under the Act as a whole; income taxed under another scheme (for example at distribution or at entity level) is treated as part of the Act's total income and falls outside Section 14A. Articles Income Tax Tue, 15 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=824