Hi ,
Can somebody tell me whether a US based company allowed the expense which is incured on liasion office situated outside USA, from its business income, as per US Income tax act ?
It is appreciable if the answer to be supported.
Regards,
Amit
Amit Agrawal (CA) (59 Points)
22 December 2008Hi ,
Can somebody tell me whether a US based company allowed the expense which is incured on liasion office situated outside USA, from its business income, as per US Income tax act ?
It is appreciable if the answer to be supported.
Regards,
Amit
Nikhil Kumar
(CA , Qualified CPA)
(910 Points)
Replied 08 January 2009
First it should be determined that whether separate books are maintained for outside office or not
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