https://www.taxtmi.com/forum/issue?id=110039 Taxability of funds from a wholly owned subsidiary to its holding company depends on whether the transfer is a bare money transaction or consideration for work. Pure monetary transfers not serving as consideration fall outside the definition of service and are generally not taxable, whereas advances tied to future contractual performance may attract service tax; the factual context and legal characterisation determine the outcome. en-us Wed, 16 Mar 2016 10:42:22 +0530 Thu, 23 Jan 2025 15:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110039 Taxability of funds from a wholly owned subsidiary to its holding company depends on whether the transfer is a bare money transaction or consideration for work. Pure monetary transfers not serving as consideration fall outside the definition of service and are generally not taxable, whereas advances tied to future contractual performance may attract service tax; the factual context and legal characterisation determine the outcome. Discussion-Forum Service Tax Wed, 16 Mar 2016 10:42:22 +0530 https://www.taxtmi.com/forum/issue?id=110039