TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>CBDT Circular: Scrutiny Tightened on Head-Office Expense Deductions by Foreign Branches in India to Prevent Inflated Claims.</h1> The circular issued by the Central Board of Direct Taxes (CBDT) addresses the deduction of head-office expenses by foreign entities operating in India through branches. It emphasizes the need for thorough scrutiny by Income-tax Officers to prevent inflated claims that reduce taxable income in India. The guidelines for assessing such expenses, including the inadmissibility of payments for royalties or services from the Indian branch to the head-office. It details the categorization of expenses, criteria for apportionment, and the necessity of verifying claims with global financial statements. The circular also distinguishes between foreign branches and Indian subsidiaries regarding expense deductions.
TaxTMI 
TaxTMI 
