The CBDT has issued Notification No. 43/2016 dated 2 June 2016, wherein it has amended the computation methodology of Rule 8D(2) of the Income tax Rules, 1962 (“the Rules”), with regard to disallowance of expenditure under section 14A of the Income tax Act, 1961 (“the Act”) relating to exempt income. Kindly click on the below link for the details about the Notification –

CBDT Notification amending computation methodology under Rule 8D(2)