31 March 2009
X is a private limited company. It's holding compnay(80% holding) is in mumbai and mumbai. Some contracts are entered by holding compnay for them and also entered into contracts for X . Becuase the contracts entered by the holding compnay the bills are raised either on the name of the holding compnay or on the name of x but the address is the address of the holding compnay where X has no official address. But all the services /contracts are for the benefit of X and used by X. In this case, can x takes this as its expenditure and can make TDS payment, though the bill is not it's name or address is not corrrect.
CAclubindia
