Credit of Excise duty
This query is : Resolved
Parth Vakil
(Querist)
12 August 2010
Respected Sirs,
If a company is incurring expenditure for another company and later on it is recovering from another company then whether company who is incurring the expenditure can claim the credit?
e.g. X company is incurring the expense on behalf of Y company and later on Y company is reimbursing it to X company. Whether X company can claim credit?
If a company is incurring expenditure for another company and later on it is recovering from another company then whether company who is incurring the expenditure can claim the credit?
e.g. X company is incurring the expense on behalf of Y company and later on Y company is reimbursing it to X company. Whether X company can claim credit?
12 August 2010
Yes, X Comapny can claim credit because if X company is incurring expenses i.e bill in name of X co.
Parth Vakil
(Querist)
18 August 2010
Thanx sir.
But if they are not then can they claim credit.
But if they are not then can they claim credit.
18 August 2010
Please ellobrate your question "
what they are not ?
what they are not ?
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