Expenses of a group companies
This query is : Resolved
15 March 2012
We are a share Broking concern & we are having 2 companies one for shares & other for commodities..
We have mainly allocated all the expenses to Shares Company like office rent, electricity bill, telehone bils e.t.c which are not seperable...
the question is now how do we allocate common expenses between both the companies..
are we supposed to take some base or we need to make a contract between both the companies..
wat are other possible ways of this..
Plz guide in the same matter....
We have mainly allocated all the expenses to Shares Company like office rent, electricity bill, telehone bils e.t.c which are not seperable...
the question is now how do we allocate common expenses between both the companies..
are we supposed to take some base or we need to make a contract between both the companies..
wat are other possible ways of this..
Plz guide in the same matter....
16 March 2012
Estimate some basis like for rent Space usage or some estimation based on the management decision and make an Agreement for the same and share the expenses.
but you have to Deduct the TDS for the same.
but you have to Deduct the TDS for the same.
16 March 2012
Thanx for ur suggestion, but is there any other way that instead of making an agreement we can just allocate the expenses so that we should not had to deduct TDS.
16 March 2012
That is the Correct Method I feel and in respect of TDS the other company can take the credit.
Otherwise you have to get the bills separately.
Otherwise you have to get the bills separately.
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