Allocation of expenditure
This query is : Open
28 April 2010
A Holding company has around 5 subsidaries and all the administrative exp of subsidiares is being borne by Holding company. Now holding company wish to allocate the administrative exp incurred in some ratio basis to subsidaries. Is it allowed under income tax. if yes, any kind of documentation proof we need to establish.
28 April 2010
All are different entities you need to raise a debit note for the expenses other than Salary, incase Salary also need to allocate Need to raise Service Invoice and Service tax and TDS applicable
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