Only Dividend-Yielding Investments Enter Rule 8D Computation, MAT Excludes Disallowances, CSR Qualifies for Section 80G Deduction, Accounting Standard-Compliant Interest is Deductible, and Section 80-IBA Applies Proportionately
Only Dividend-Yielding Investments Enter Rule 8D Computation, MAT Excludes Disallowances, CSR Qualifies for Section 80G Deduction, Accounting Standard-Compliant Interest is Deductible, and Section 80-IBA Applies Proportionately Issue Whether (1) Rule 8D disallowance should be restricted to dividend-yielding investments, (2) Rule 8D additions can be made to book profit under Section 115JB, (3) CSR expenditure qualifies… Read More »