Treatment under rule 8D of Income Tax

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....reatment under rule 8D of Income Tax<br> Query (Issue) Started By: - Anil Singhania Dated:- 14-11-2011 Last Reply Date:- 15-11-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir, Please suggest....

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.... me wrt to the following issues: 1. A unlisted public company becomes a partner in LLP and having profit sharing ration is more than 50%, As profit of LLP is taxable in the hand of LLP and not in t....

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....he hand of partners so in the case if a unlisted public company is partner, WHAT WOULD BE TREATMENT OF EXEMPTED PROFIT RECEIVED BY SUCH COMPANY AS PER RULE 8D OF INCOME TAX? Reply By tarsem gupta: Th....

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....e Reply: The income from share from firm is exempt from tax u/s 10(2A). Under section 14A read with rule 8D any expenditure incurred on the exempted income is not allowable as deduction from the Inco....

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....me of the assessee.<br> Discussion Forum - Knowledge Sharing ....