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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Disallowance u/s 14A and deductions under Sections 80C to 80U ...


High Court Clarifies Deductions u/ss 80C-80U and Disallowance u/s 14A of Income Tax Act.

July 24, 2012

Case Laws     Income Tax     HC

Disallowance u/s 14A and deductions under Sections 80C to 80U (Chapter VIA) - the income on which the deduction is allowed forms a part of the total income, though not included in the amount or quantum on which tax is paid - HC

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