https://www.taxtmi.com/article/detailed?id=7065 Where shares or units are acquired as a business or strategic investment that yields other taxable income, or where investments are funded from own capital or borrowed funds whose interest is incurred for business purposes, the disallowance of expenditure in relation to exempt income is not attracted merely because dividends are incidentally received. If dividend or firm-distributed profit has been subjected to a final tax at distribution, that income is treated as within the Act's taxing scheme and therefore outside the scope of the disallowance rule. en-us Mon, 07 Nov 2016 13:20:24 +0530 Mon, 07 Nov 2016 13:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7065 Where shares or units are acquired as a business or strategic investment that yields other taxable income, or where investments are funded from own capital or borrowed funds whose interest is incurred for business purposes, the disallowance of expenditure in relation to exempt income is not attracted merely because dividends are incidentally received. If dividend or firm-distributed profit has been subjected to a final tax at distribution, that income is treated as within the Act's taxing scheme and therefore outside the scope of the disallowance rule. Articles Income Tax Mon, 07 Nov 2016 13:20:24 +0530 https://www.taxtmi.com/article/detailed?id=7065