Sec. 14A r.w Rule 8D

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..... Is it true that Rule 8D could render an assessee face more disallowances than the amount of exempt income? if yes, can anyone give an example to describe such a situation? Thank you, Venkat .....

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..... esan.K - Reply By DEV KUMAR KOTHARI - The Reply = No . Expenses should be claimed as business expenses for business of adventure in nature of trade or commerce and expenses for holding and carryi .....

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..... ng inventory or investment- trading or capital assets of business. Such expenses are not expenses for earning dividend or LTCG. - Sec. 14A r.w Rule 8D - Query Started By: - Venkatesan K Dated: .....

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..... - 25-2-2011 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxman .....

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..... agementindia.com - TMI - TaxTMI - TMITax .....

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