Section 44C - Deduction of head office expenditure in the case of non residents

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..... o the business or profession being carried on in India) is allowable, but restricted to the following ceiling a) An amount equal to 5 % of the adjusted total income, or b) Actual head office expenditure attributable to the business or profession of the assessee in India. (Whichever is lower). However, if the adjusted total income of the assessee is a loss, then the amount under clause (a) shall be .....

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..... me computed before allowing any deduction or providing any unabsorbed depreciation or any brought forward losses. Average Adjusted Total Income It essentially includes: In a case where the total income of an assessee is assessable for each of the three assessment years immediately preceding the relevant assessment year: 1/3rd of the aggregate amount of the adjusted total income. In case where the .....

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