https://www.taxtmi.com/notifications?id=119359 Expenditure related to income not forming part of total income is the aggregate of (i) expenditure directly relating to that income and (ii) an amount equal to a fixed percentage of the annual average of the monthly averages of the opening and closing balances of the value of investments yielding such income, provided the aggregate does not exceed the total expenditure claimed by the assessee. en-us Thu, 02 Jun 2016 00:00:00 +0530 Tue, 28 May 2019 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119359 Expenditure related to income not forming part of total income is the aggregate of (i) expenditure directly relating to that income and (ii) an amount equal to a fixed percentage of the annual average of the monthly averages of the opening and closing balances of the value of investments yielding such income, provided the aggregate does not exceed the total expenditure claimed by the assessee. Notifications Income Tax Thu, 02 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119359