Section 14A Disallowance: Exclude Loss on Fixed Asset Sales & Travel Expenses from Exempt Income Expense Calculations.

Section 14A Disallowance: Exclude Loss on Fixed Asset Sales & Travel Expenses from Exempt Income Expense Calculations. https://www.taxtmi.com/highlights?id=43863 Disallowance u/s 14A r.w.r. 8D - the amount of expenses represented on account of loss on sale of fixed assets and travelling expenses cannot be linked with the expenses incurred for the purpose of earning the exempted income. - To be excluded while computing disallowance u/s 14A en-us Sat, 12 Jan 2019 07:07:37 +0530 Sat, 12 Jan 2019 07:07:37 +0530 TaxTMI RSS Generator Section 14A Disallowance: Exclude Loss on Fixed Asset Sales & Travel Expenses from Exempt Income Expense Calculations. https://www.taxtmi.com/highlights?id=43863 Disallowance u/s 14A r.w.r. 8D - the amount of expenses represented on account of loss on sale of fixed assets and travelling expenses cannot be linked with the expenses incurred for the purpose of earning the exempted income. - To be excluded while computing disallowance u/s 14A Highlights Income Tax Sat, 12 Jan 2019 07:07:37 +0530 https://www.taxtmi.com/highlights?id=43863