Expenses Unrelated to Investment Activities Not Disallowed u/s 14A, Rule 8D(2)(iii) for Exempt Income.

Expenses Unrelated to Investment Activities Not Disallowed u/s 14A, Rule 8D(2)(iii) for Exempt Income. https://www.taxtmi.com/highlights?id=24116 Disallowance as per section 14A r.w.Rule 8D(2)(iii) - the expenses on account of auditor fee, legal and professional fees, profession tax, business support fees cannot be said to have any direct or proximate nexus with the activity of investment or earning the exempt income. - AT en-us Fri, 07 Aug 2015 07:56:35 +0530 Fri, 07 Aug 2015 07:56:35 +0530 TaxTMI RSS Generator Expenses Unrelated to Investment Activities Not Disallowed u/s 14A, Rule 8D(2)(iii) for Exempt Income. https://www.taxtmi.com/highlights?id=24116 Disallowance as per section 14A r.w.Rule 8D(2)(iii) - the expenses on account of auditor fee, legal and professional fees, profession tax, business support fees cannot be said to have any direct or proximate nexus with the activity of investment or earning the exempt income. - AT Highlights Income Tax Fri, 07 Aug 2015 07:56:35 +0530 https://www.taxtmi.com/highlights?id=24116