Section 44C of ITA, 1961 – Section 44C: Deduction Of Head Office

The Income-tax Act, 1961

Notwithstanding anything to the contrary contained in sections 28 to 43A, in the case of an assessee, being a non-resident, no allowance shall be made, in computing the income chargeable under the head "Profits and gains of business or profession", in respect of so much of the expenditure in the nature of head office expenditure as is in excess of the amount computed as hereunder, namely:

(a) an amount equal to five per cent of the adjusted total income; or
(c) the

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Explanation using examples

Imagine a company based in the United States, ABC International, which operates a subsidiary in India. The Indian subsidiary earns profits from its operations, but also incurs some expenses that are manage

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Section 44C of ITA, 1961 : Section 44C: Deduction Of Head Office Expenditure In The Case Of Non-Residents

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Simplified Act

Explanation using examples

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