07 May 2009
WOS of a US company has incurred share transfer expenses on behalf of Parent Company. The expense does not relate to Indian company. It has to be definitely debited to the US parent company. But, how could we do it? Is it by way of raising a Debit Note or is there any other mode? If invoice is to be raised for the same, is margin to be included as per Transfer Pricing?
The issue is pending since long. Could you please give us the best recourse .
08 May 2009
I sometime back, read that there can not be credit/debit notes between WOS and overseas Parent Company as per FEMA. Could you please give further research on this and give me final reply?
CAclubindia
