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group company assets

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(Querist)
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
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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
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Ravikumar.G

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Ravikumar.G (Expert)
20 November 2008 also available in CA Club India portal which i have uploaded.
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ANIL

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ANIL (Querist)
20 November 2008 thank you all
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