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of <h1>Clause 60 of Income Tax Bill 2025 caps head office expense deductions for non-residents at 5% of adjusted income.</h1> In the Income Tax Bill, 2025, Clause 60 addresses the deduction of head office expenditures for non-resident assessees. It allows deductions for expenses attributable to business or profession in India under 'Profits and gains of business or profession,' with a cap of 5% of the adjusted total income. If the adjusted total income is a loss, the deduction is limited to 5% of the average adjusted total income. Adjusted total income excludes certain allowances and deductions, and head office expenditure includes costs related to executive and general administration outside India, such as rent, salaries, and travel.
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