Bills on the name / Adress of the Holding Co.
This query is : Resolved
31 March 2009
X is a private limited company. It's holding compnay(80% holding) is in 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 in it's name and/ address .
31 March 2009
Dear Ravi,
Can you make your question more clear and preciseful. Its resulting in two contradict statement.
Can you make your question more clear and preciseful. Its resulting in two contradict statement.
31 March 2009
Dear Mr.Lokesh,
The bills are on the name/address of the holding compnay for the services rendered to the subsidiary compnay. Can the subsidiary company pay and claim those expenses as their expenses after making the needful TDS.
The bills are on the name/address of the holding compnay for the services rendered to the subsidiary compnay. Can the subsidiary company pay and claim those expenses as their expenses after making the needful TDS.
01 April 2009
Can any one reply to this..
01 April 2009
Can any one reply on this...
21 December 2009
If the bills are raised in the name of holding co. let them claim the expenses and make the TDS compliance. If they have borne the same for subsidiary they can recover it from them in the form of inter co. loan by passing a JV
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
