This is a brief booklet on the implications of the Section 14A of the Income Tax Act. It deals with the concept of Disallowance as to
- When is it triggered and applicable ?
- Procedure, Method, Treatment of Section 14A
- Invocation of Rule 8D in case of tax-free dividend
- Various cases of applicability of Section 14A like SLR, Capital Gains, Mutual Funds, Insurance Policy etc..
- Reporting of Expenditure etc.