04 May 2010
Our organisation is having certain property rights which we have assigned to other organisation as per the agreement. It was agreed that cost of that property light electricity,etc., would be beared by other organisation. Since the property rights is in our name, bills of electricity comes in our name. We are raising debit note in the other organisation's name for the actual expenses paid towards electricity. DO we need to charge s.tax?
CAclubindia
