TaxTMI 
TaxTMI 
Transfer of Holding Co. overhead expenses to its subsidiaries
X X X X Extracts X X X X
X X X X Extracts X X X X
....ransfer of Holding Co. overhead expenses to its subsidiaries<br> Query (Issue) Started By: - SUPRAKASH MITTRA Dated:- 4-7-2013 Last Reply Date:- 10-7-2013 Service Tax<br>Got 1 Reply<br>Service Tax<br>....
X X X X Extracts X X X X
X X X X Extracts X X X X
....Holding company passes on its overhead expenditure to its subsidiaries on some some rational basis & gives debit memos to its subsidiaries foe accounting purpose. My query is: 1) Whether this is a "s....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ervice" provided by the holding company to its subsidiary companies? 2) Does this attract service tax provisions? 3) Is the subsidiary company required to deduct TDS against the PAN no of its holdin....
X X X X Extracts X X X X
X X X X Extracts X X X X
....g co. on the basis of debit memo received ? If so then under which section A reply in this regard will be of great help Reply By deepak gulati: The Reply: There will be neither Service tax liabilit....
X X X X Extracts X X X X
X X X X Extracts X X X X
....y nor TDS liablity since ST will be applicable only if there is any markup is done on the memos and TDS is not applicable on reimbursement of Expenses Regards Punit Bansal<br> Discussion Forum - Kno....
X X X X Extracts X X X X
X X X X Extracts X X X X
....wledge Sharing ....