The deductions discussed in topics 4 to 9 are deductible from the gross total income of the non-resident Indians. However, there are certain deductions and allowances which are available to a non-resident Indian while computing the gross total income itself, such as depreciation and business expenditure which is incidental to trade or industry or profession. Such deductions have not been discussed in this book as they are outside its scope. It would suffice if the non-resident Indian remembers that ordinarily all business expenditure is allowed as a deduction in the computation of profits and gains of a business unless otherwise specifically prohibited by the Income Tax Act. As most non-resident Indians have investment income, a knowledge of the various deductions under Chapter VI-A and rebate of income tax. under Chapter VIII as explained above will suffice for the purposes of enabling the non-resident Indian to compute his total income. |
