What are the requirements for a transaction to qualify as intercompany transaction.
Transactions between two companies (different businesses) owned by same person can be recorded as intercompany?
1 Replies
Deepali
(CA Final Student)
(105 Points)
Replied 27 January 2016
Intercompany in normal parlance can be considered as companies of the same group. Depending in what relation you are telling, intercompany relationships can be checked with reference to as 18 also.
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