Denial of tax sop on exempt income spend causes anxiety

[IndiaInsurance]

https://img.etimg.com/photo/89315482.cms (https://economictimes.indiatimes.com/wealth/personal-finance-news/denial-of-tax-sop-on-exempt-income-spend-causes-anxiety/articleshow/89315482.cms)The provisions of the Income Tax Act provide that if an income is exempt in the hands of a taxpayer, any expenses in relation to such income are also not deductible. The need for the ‘clarification’ stems from the fact that in certain cases, courts have allowed the expenditure as a deduction in those years where there was no exempt income.

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