reduce litigation and optimise use of time and resources on similar cases 9 no deduction for expense incurred on exempt income there was ambiguity on allowability of deduction of expense incurred on exempt income where there is no exempt income accrued received during a financial year clarity has now been brought on this issue stating that expenses incurred to earn exempt income will not be eligible for deduction irrespective of year of accrualreceipt of the exempt income this will reduce litigation 10 on sale of property tax is computed by considering sale consideration or stamp duty value of property whichever is higher however tds on such sale of property is required to be deducted at 1 of sale consideration only to bring in consistency between taxable income visavis base for tds tds now needs to be deducted on the sale consideration or the stamp duty value of such property whichever is higher