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

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....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....