Tag Archives: common interest expenditure

No common interest expenditure than no portion of interest allocation under Rule 8D(2)(ii)

By | December 28, 2015

Facts of the case :- The Assessee had shown dividend income of Rs.89, 02,540 out of which Rs. 68, 44,790 was claimed as exempt under Section 10 (34) of the Act. The Assessee disallowed a sum of Rs. 6,84,479 constituting 10% of the net exempted dividend income on account of indirect expenditure incurred in earning… Read More »