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Restrictions on the deductibility of certain expenditure/payments of special significance to companies under Assessment of Companies – Income tax

Restrictions on the deductibility of certain expenditure/payments of special significance to companies under Assessment of Companies :

1. Head Office expenditure in the case of non-residents (Section 44C)

2. Computation of income by way of royalties etc., in the case of foreign companies (Section 44DA)

3. Set-off of losses in the case of a company in which public are not substantially interested (Section 79).

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