Tag Archives: Section 14A Income Tax

Expenditure disallowed on dividend income subject to dividend distribution tax -Sec 14A

By | May 20, 2017

Expenditure disallowed, dividend income subject to dividend distribution tax The Supreme Court of India agreed to the disallowance of an expenditure under Section 14A of the Income-tax Act, 1961 with respect to dividend income that is subject to the dividend distribution tax. The case is: Godrej & Boyce Manufacturing Company Limited. Read a May 2017 report [PDF… Read More »