Sec. 14A r.w Rule 8D

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....ec. 14A r.w Rule 8D<br> Query (Issue) Started By: - Venkatesan K Dated:- 25-2-2011 Last Reply Date:- 25-2-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Is it true that Rule 8D could render an assess....

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....ee face more disallowances than the amount of exempt income? if yes, can anyone give an example to describe such a situation? Thank you, Venkatesan.K Reply By DEV KUMAR KOTHARI: The Reply: No . ....

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....Expenses should be claimed as business expenses for business of adventure in nature of trade or commerce and expenses for holding and carrying inventory or investment- trading or capital assets of bus....

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....iness. Such expenses are not expenses for earning dividend or LTCG.<br> Discussion Forum - Knowledge Sharing ....