AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
TaxTMI 
TaxTMI 
Deduction of head office expenditure in case of non-residents.
X X X X Extracts X X X X
X X X X Extracts X X X X
....xpenditure incurred by such assessee as is attributable to his business or profession in India, shall be allowed in computing the income chargeable under the head "Profits and gains of business or profession" subject to provisions of sub-section (2). (2) The deduction allowable under sub-section (1) shall be restricted to- (a) if the adjusted total income of the assessee is a loss, to ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....; (ii) if the assessee is assessable only for two of the said three tax years, the arithmetic mean of his adjusted total income over those two tax years; (iii) if the assessee is assessable only for one of the said three tax years, his adjusted total income for that tax year; (c) "head office expenditure" means executive and general administration expenditure incurred by....