Transfer of holding co. overhead expenses to its subsidiarie

522 views 1 replies

Holding company passes on its overhead expenditure to its subsidiaries on some some rational basis & gives debit memos to its subsidiaries for accounting purpose. My query is:

1) Whether this is a "service" provided by the holding company to its subsidiary companies?

2) Does this attract service tax provisions?

3) Is the subsidiary company required to deduct TDS against the PAN no of its holding co. on the basis of debit memo received ? If so then under which section A reply in this regard will be of great help

Replies (1)

If you are trnsferring the money without getting service then you donot fall inthe definition of service and so not required to pay Service Tax.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details