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.

• Expenditure Is Actually Incurred By The Assessed
• Expenditure Incurred Is In Relation To Tax-Free Income
• Disallowance U/S 14A Triggered Only If Assessee Claims Deduction
• Whether Disallowance U/S 14a Can Be Made In Respect Of Assessees Covered By Presumptive Tax Provisions Of Sections 44AD, 44ADA And 44AE?
• Where Assessee Voluntarily Disallows Some Expenses As Incurred In Relation To Exempt Income
• Where Assessee Claims That No Expenses Were Incurred In Relation To Exempt Income
• Method to Be Adopted for Computing Disallowance by Ao If He Is Not Satisfied by Assessee's Claim
• Applicability Of Section 14A To Long-Term Capital Gains From Equity Upto 1,00,000 Under New Regime
• Invocation of Rule 8D In Case Of Tax-Free Divident
• Applicability of Section 14A In Case Of Tax-Free Income From Firm/LLP
• Applicability of Section 14A In Case Of Tax-Free Income To Shareholder On Account Of Buyback Of Shares By Listed Company
• Applicability of Section 14A to Tax-Free Income Of Banks From SLR Investments
• Applicability of Section 14A to Tax-Free Income Of Insurance Bus
• Applicability of Section 14A To Tax-Free Capital Gain
• Applicability of Section 14A To Tax-Free Dividends From Mutual Fund Units
• Treatment of Section 14A Expenditure Under Mat
• Reporting Of Expenditure Covered By Section 14A In Form No. 29B