group company assets
This query is : Resolved
19 November 2008
it is a pvt ltd, compnay and we are using common assets for running business. can we transfer right of usages of the said assets and book relvant maintainance expenses on the basis of usages.
if so, please help and send me a draft agrrement or a letter of understanding for accounting purposes.
thanks
if so, please help and send me a draft agrrement or a letter of understanding for accounting purposes.
thanks
20 November 2008
Right to use of an asset is taxable in certain states under the respective value added tax act. Pl check this.
For draft agreement pl visit www.vakilno1.com
For draft agreement pl visit www.vakilno1.com
Ravikumar.G
(Expert)
20 November 2008
also available in CA Club India portal which i have uploaded.
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