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Section 44C - Deduction of head office expenditure in the case of non-residents - Income-tax Act, 1961

Extract

.....            (a) an amount equal to five per cent of the adjusted total income; or            (b) 2[***]            (c) the amount of so much of the expenditure in the nature of head office expenditure incurred by the assessee as is attributable to the business or profession of the assessee in India, whichever is the least :    &nbs .....

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Section 44C - Deduction of head office expenditure in the case of non-residents - Income-tax Act, 1961

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..... ;(ii) "average adjusted total income" means,—                 (a) in a case where the total income of the assessee is assessable for each of the three assessment years immediately preceding the relevant assessment year, one-third of the aggregate amount of the adjusted total income in respect of the previous years relevant to the aforesaid three assessment years;          &n .....

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Section 44C - Deduction of head office expenditure in the case of non-residents - Income-tax Act, 1961

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.....      (a) rent, rates, taxes, repairs or insurance of any premises outside India used for the purposes of the business or profession;                 (b) salary, wages, annuity, pension, fees, bonus, commission, gra-tuity, perquisites or profits in lieu of or in addition to salary, whether paid or allowed to any employee or other person employed in, or managing the affairs of, any office outside I .....

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Section 44C - Deduction of head office expenditure in the case of non-residents - Income-tax Act, 1961

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  1. Chapter VI-A of Income-tax Act, 1961
  2. Section 74A - Losses from certain specified sources falling under the head Income from other sources
  3. Section 74 - Losses under the head Capital gains
  4. Section 73 - Losses in speculation business
  5. Section 72 - Carry forward and set off of business losses
  6. Section 44D - Special provisions for computing income by way of royalties, etc., in the case of foreign companies
  7. Section 43A - Special provisions consequential to changes in rate of exchange of currency
  8. Section 43 - Definitions of certain terms relevant to income from profits and gains of business or profession
  9. Section 42 - Special provision for deductions in the case of business for prospecting, etc., for mineral oil
  10. Section 41 - Profits chargeable to tax
  11. Section 40A - Expenses or payments not deductible in certain circumstances
  12. Section 40 - Amounts not deductible
  13. Section 38 - Building, etc., partly used for business, etc., or not exclusively so used
  14. Section 37 - General
  15. Section 36 - Other deductions
  16. Section 35E - Deduction for expenditure on prospecting, etc., for certain minerals
  17. Section 35DDA - Amortisation of expenditure incurred under voluntary retirement scheme
  18. Section 35DD - Amortisation of expenditure in case of amalgamation or demerger
  19. Section 35D - Amortisation of certain preliminary expenses
  20. Section 35CCD - Expenditure on skill development project.
  21. Section 35CCC - Expenditure on agricultural extension project.
  22. Section 35CCB - Expenditure by way of payment to associations and institutions for carrying out programmes of conservation of natural resources
  23. Section 35CCA - Expenditure by way of payment to associations and institutions for carrying out rural development programmes
  24. Section 35AD - Deduction in respect of expenditure on specified business.
  25. Section 35AC - Expenditure on eligible projects or schemes
  26. Section 35ABB - Expenditure for obtaining licence to operate telecommunication services
  27. Section 35ABA - Expenditure for obtaining right to use spectrum for telecommunication services.
  28. Section 35AB - Expenditure on know-how
  29. Section 35A - Expenditure on acquisition of patent rights or copyrights
  30. Section 35 - Expenditure on scientific research
  31. Section 34A - Restriction on unabsorbed depreciation and unabsorbed investment allowance for limited period in case of certain domestic companies
  32. Section 34 - Conditions for depreciation allowance and development rebate
  33. Section 33B - Rehabilitation allowance
  34. Section 33AC - Reserves for shipping business
  35. Section 33ABA - Site Restoration Fund
  36. Section 33AB - Tea development account, coffee development account and rubber development account
  37. Section 33A - Development allowance
  38. Section 33 - Development rebate
  39. Section 32AD - Investment in new plant or machinery in notified backward areas in certain States
  40. Section 32AC - Investment in new plant or machinery.
  41. Section 32AB - Investment deposit account
  42. Section 32A - Investment allowance
  43. Section 32 - Depreciation
  44. Section 31 - Repairs and insurance of machinery, plant and furniture
  45. Section 30 - Rent, rates, taxes, repairs and insurance for buildings
  46. Section 29 - Income from profits and gains of business or profession, how computed
  47. Section 28 - Profits and gains of business or profession
  48. Section 115AD - Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer
  49. Section 115AC - Tax on income from bonds or Global Depository Receipts purchased in foreign currency or capital gains arising from their transfer
  50. Section 115AB - Tax on income from units purchased in foreign currency or capital gains arising from their transfer
  51. Section 115A - Tax on dividends, royalty and technical service fees in the case of foreign companies

 

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