Section 14A and Rule 8D on exempt income expenses apply only from Assessment Year 2007 onwards.

Section 14A and Rule 8D on exempt income expenses apply only from Assessment Year 2007 onwards. https://www.taxtmi.com/highlights?id=38420 Applicability of section 14A - expenditure related to exempt income - Rule 8D of the Rules is prospective in nature and could not have been made applicable in respect of the Assessment Years prior to 2007 when this Rule was inserted - SC en-us Sat, 17 Mar 2018 12:29:38 +0530 Sat, 17 Mar 2018 12:30:02 +0530 TaxTMI RSS Generator Section 14A and Rule 8D on exempt income expenses apply only from Assessment Year 2007 onwards. https://www.taxtmi.com/highlights?id=38420 Applicability of section 14A - expenditure related to exempt income - Rule 8D of the Rules is prospective in nature and could not have been made applicable in respect of the Assessment Years prior to 2007 when this Rule was inserted - SC Highlights Income Tax Sat, 17 Mar 2018 12:29:38 +0530 https://www.taxtmi.com/highlights?id=38420