Tag: Section 115JB MAT Add Back 14A

Income Tax Notifications & Order IT

Section 14A and Rule 8D: The Disallowance Formula, the 2022 Explanation, and What Maxopp and South Indian Bank Decided

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How Section 14A and Rule 8D work for FY 2025-26 under the Income-tax Act, 1961: the Rule 8D formula and its cap, when the Assessing Officer can apply it, the 2022 rule for years with no exempt income, what the Supreme Court decided in Maxopp and South Indian Bank, which income is still exempt, and Section 14 of the Income-tax Act, 2025.