CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 10,2016
CORPORATE AND PROFESSIONAL UPDATE FEBRUARY 10,2016 INCOME TAX ACT SECTION 14A EXPENDITURE INCURRED IN RELATION TO INCOME NOT INCLUDIBLE IN TOTAL INCOME Rule 8D : Where in respect of tax free interest income earned on RBI bonds by assessee, Assessing Officer made disallowance under section 14A by invoking provisions of rule 8D(2) without recording his satisfaction …