https://www.taxtmi.com/circulars?id=10335 Deduction of head office expenses allocable to an Indian branch is allowable if expenses are actual, admissible under tax law, and apportioned on a reasoned, consistent basis (e.g., receipts, turnover, assets). Internal transfers that merely reallocate funds within a single entity are not deductible; only costs actually incurred by the head office from third parties for the branch may be allowed. Income tax Officers must seek full global accounts, compare treatment with other branches and the home country, and may draw adverse inferences for non production of information. en-us Mon, 16 Jun 1975 00:00:00 +0530 Mon, 13 Jun 2011 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10335 Deduction of head office expenses allocable to an Indian branch is allowable if expenses are actual, admissible under tax law, and apportioned on a reasoned, consistent basis (e.g., receipts, turnover, assets). Internal transfers that merely reallocate funds within a single entity are not deductible; only costs actually incurred by the head office from third parties for the branch may be allowed. Income tax Officers must seek full global accounts, compare treatment with other branches and the home country, and may draw adverse inferences for non production of information. Circulars Income Tax Mon, 16 Jun 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10335