04 December 2008
Dear Sir i hv a urgent query plz resolved it. there is a pvt ltd co which parant co is USA Co.A team of Delegats from parant co(USA) come to India.All the expenses which is incurred by Indian Co on Delegates is re-imbursed by Parant co. Now my Que is that what will be the ACCOUNTING TREATMENT of this Exp and re-imbursement and ANY TDS SERVISE TAX FBT LIABILITY ATTRACTS such as Hotel exp, Hiring of motor and chartered Plane etc. when money will be reimbursed by parant company from foriegn then any FEMA Compliance attracts. plz resolved it IN DETAIL. Thanks
CAclubindia
