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of <h1>Income Tax Bill 2025: Clause 60 Caps Head Office Expense Deductions for Non-Residents at 5% of Adjusted Income</h1> Clause 60 of the Income Tax Bill, 2025, reforms the deduction of head office expenditures for non-resident businesses, building on Section 44C of the Income-tax Act, 1961. It aims to standardize and ensure fairness in deductions by allowing them only for expenses attributable to Indian operations. The clause caps deductions at 5% of adjusted total income, simplifying calculations compared to the restrictive framework of Section 44C. This modernization aligns with global tax practices, emphasizing transparency and compliance, and requires businesses to maintain precise financial records to optimize tax planning.
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