Deduction on foreign bank's 'head office expenditure' capped at 5% of income: Supreme Court
Published on: Dec. 16, 2025, 12:54 a.m. | Source: The Economic Times
If any foreign company operating in India incurs any expenses outside India but that is also related to Indian business, Section 44C allows the deduction for that expense, but it is subject to the restriction provided in the provision. The restriction limits the expense to the tune of 5% of adjusted total income of the Indian business, it said.
