#section44C #incometax #deduction #headofficeexpenditure #nonresidents Section 44C of the Income Tax Act, 1961 provides for deduction of head office expenditure in the case of non-residents. According to the section, no allowance shall be made in the case of a non-resident assessee with respect to so much of the expenditure in the nature of head office expenditure as is in excess of the amount computed as follows when determining the income chargeable under the head "Profits

#INCOMETAXACT #SECTION44BBA #PROFIT #GAIN #AIRCRAFTS #NONRESIDENTS Despite anything to the contrary stated in Sections 28 to 43A, a sum equal to 5% of the total of the amounts specified in Subsection (2) shall be deemed to be the profits and gains of such business chargeable to tax under the head "Profits and gains of business or profession" in the case of an Assessee who is a Non-Resident engaged in the business of operating aircraft. The following sums are those mentioned i

#INCOMETAXACT #SECTION44B #SECTION28 #SECTION43A #PROFIT #GAINS #SHIPPINGBUSINESS #NONRESIDENTS Despite anything to the contrary stated in sections 28 to 43A, a sum equal to 7.5 per cent of the total of the amounts specified in subsection (2) shall be deemed to be the profits and gains of such business chargeable to tax under the head "Profits and gains of business or profession" in the case of an assessee who is a non-resident engaged in the business of operating ships. The