Accounting & Taxation of Division

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Norat Mal Kabra (Querist)
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24 September 2009 To Respected members,

can somebody help me on this. what is the accounting procedure, shall i require separate records for division w.r.t. to I. Tax, S. Tax, VAT etc. is it necessary to take separate reg number for div

Your prompt reply will be much

Ram Avtar Singh

Ram Avtar Singh (Expert)
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24 September 2009 normaly books maintain its cover to all department. no need to maintain sepret book for all deprtmnet. only report to be submit by specific department in prescrived form.

Norat Mal Kabra

Norat Mal Kabra (Querist)
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24 September 2009 Thx Ram Avtar Singh Ji
am not getting your reply...let me explain exact sits i have compnay one say A and want to create a division say A-1 . i want to bill for goods from A-1 div to A company how will do accounting & taxation part will affect

Ram Avtar Singh

Ram Avtar Singh (Expert)
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24 September 2009 it will be treated as sister concirn

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