Deduction of head office expenditure in the case of non-residents

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..... ll be made, in computing the income chargeable under the head Profits and gains of business or profession , in respect of so much of the expenditure in the nature of head office expenditure as is in excess of the amount computed as hereunder, namely:- ( a ) an amount equal to five per cent of the adjusted total income; or ( b ) 2 [ *** ] ( c ) the amount of so much of the expenditure .....

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..... 6 or any loss carried forward under sub-section (1) of section 72 or sub-section (2) of section 73 or sub-section (1) 3 [ or sub-section (3) ] of section 74 or sub-section (3) of section 74A or the deductions under Chapter VI-A; ( ii ) average adjusted total income means,- ( a ) in a case where the total income of the assessee is assessable for each of the three assessment years immedia .....

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..... diture incurred by the assessee outside India, including expenditure incurred in respect of- ( a ) rent, rates, taxes, repairs or insurance of any premises outside India used for the purposes of the business or profession; ( b ) salary, wages, annuity, pension, fees, bonus, commission, gra-tuity, perquisites or profits in lieu of or in addition to salary, whether paid or allowed to any emplo .....

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