TDS
This query is : Resolved
24 June 2010
A Ltd is a 100% subsidiary of B Ltd. Both are indian companies. The management of B ltd is devoting part of their time in managing the affairs of A ltd. For Managing the affairs, Can A Ltd charge on management fee (no profit margin) to B Ltd.
Questions are:
1. Can A Ltd raise a bill for reimbursement of manpower expenses? Since it is reimbursement, there will be NEITHER TDS NOR SERVICE TAX IMPACT.
2. Is it right
Kindly answer
Can
Questions are:
1. Can A Ltd raise a bill for reimbursement of manpower expenses? Since it is reimbursement, there will be NEITHER TDS NOR SERVICE TAX IMPACT.
2. Is it right
Kindly answer
Can
24 June 2010
Yes. It Can be rasied both Service tax and TDS will attract on that Bill
24 June 2010
QUESTION IS NOT CLEARED.
IF B LTD IS HOLDING COMPANY.
AND DEVOTING TIME IN A LTD.
THEN B LTD WILL CHARGED FOR ITS DEVOTED TIME, NOT A LTD.
A LTD IS GETING SERVICES OF B LTD.
IF B LTD IS HOLDING COMPANY.
AND DEVOTING TIME IN A LTD.
THEN B LTD WILL CHARGED FOR ITS DEVOTED TIME, NOT A LTD.
A LTD IS GETING SERVICES OF B LTD.
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