Analysis of Section 14A read with Rule 8D

There are certain provisions of Income-tax Act (the Act) though look innocuous yet create lot of controversies and one such provision is section 14A of the Act dealing with expenditure incurred in relation to income not includible in total income. This detailed discussion analyses the provisions of section 14A of the Act as also provisions of Rule 8D of the Income-tax Rules 1962 (the Rule) followed by case laws and other connected issues.There are certain provisions of Income-tax Act (the Act) though look innocuous yet create lot of controversies and one such provision is section 14A of the Act dealing with expenditure incurred in relation to income not includible in total income. This detailed discussion analyses the provisions of section 14A of the Act as also provisions of Rule 8D of the Income-tax Rules 1962 (the Rule) followed by case laws and other connected issues.taxmann.com Latest ArticlesRead More

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