Hi,
A B C D are four friendly companies in India. B company ordered distribution of electricity lines and got it installed for 1,00,000 plus 10,000 taxes paid. B was invoiced and B paid that sum. Now other three companies want to contribute and share expenses. So B is getting reimbursement 25,000 rupees and 2,500 taxes paid from A, C, D. Can I get a tax exemption for this transaction?
Txs.
CAclubindia
