Deductions versus Exemptions in Income Tax Act, 1961 - Disallwance u/s 14A versus Deduction u/s 80P - deduction if allowed does not mean that said income ceases to be part of the total income https://www.taxtmi.com/news?id=4693 An expenditure disallowance provision targets income that "does not form part of the total income." Incomes qualifying for Chapter VI-A deductions must be included in total income before the deduction is allowed; allowance of a deduction does not mean the underlying income ceases to be part of total income for the purpose of disallowance rules. en-us Mon, 18 Feb 2013 07:39:19 +0530 Mon, 18 Feb 2013 07:49:00 +0530 TaxTMI RSS Generator Deductions versus Exemptions in Income Tax Act, 1961 - Disallwance u/s 14A versus Deduction u/s 80P - deduction if allowed does not mean that said income ceases to be part of the total income https://www.taxtmi.com/news?id=4693 An expenditure disallowance provision targets income that "does not form part of the total income." Incomes qualifying for Chapter VI-A deductions must be included in total income before the deduction is allowed; allowance of a deduction does not mean the underlying income ceases to be part of total income for the purpose of disallowance rules. News - Mon, 18 Feb 2013 07:39:19 +0530 https://www.taxtmi.com/news?id=4693