In case of Foreign Companies having branches in India, what is the maximum deduction allowed under S. 44C?
1 Replies
QLI Coaching for CA CS
(www.qli.co.in)
(539 Points)
Replied 17 January 2015
Dear Anisha,
Maximum Deduction allowable u/s 44C is an amount equal to five per cent of the adjusted total income.
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