Revenue recognistion
This query is : Resolved
30 September 2014
Dear Sir,
A Foreign company having 100% INDIAN SUBSIDIARY FOR ACTING AS DEVELPMENT CENTRE.
Indian Company provides input services to HO & then Ho process the input services & make final output services to client in outside india. Indian co. incurrs expenditure for salaries & office expenss.
The company provides software upgradation for agricultures industry outside india.
Question is how can we recognise revenue for indian company ?
A Foreign company having 100% INDIAN SUBSIDIARY FOR ACTING AS DEVELPMENT CENTRE.
Indian Company provides input services to HO & then Ho process the input services & make final output services to client in outside india. Indian co. incurrs expenditure for salaries & office expenss.
The company provides software upgradation for agricultures industry outside india.
Question is how can we recognise revenue for indian company ?
05 October 2014
Proportion on the basis of total cost to the cost incurred by the Indian company. Recongnise the revenue on that basis
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Gift of mutual fund units to daughter
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Form 10BD Filling
- Are Customised Caps the Smartest Way to Promote Your Brand?
- Capital gain of property recd from partnership firm
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
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
