Please Help: income tax
Posted Date : 24-May-2012 , 04:35:37 pm | Posted By: CASANSAAR
Category :
Income Tax | Answers :
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there is two unit of a company in which I UNIT purchase goods from suppliers and transfer these goods to II UNIT which sales these goods to outside customers.
In these case direct exps are exclusively allocable in both unit but my questions is that what is the procedure of allocation of indirect exps of both the unit for the income tax purpose.
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Answers:
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Answer by: Rishabh Upadhyay |
In this case indirect expenses will be allocated on the basis of Joint Cost allocation approach . Explained in detail in the PCC Accounts manual.
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Answer by: CA Satuti Mahajan |
The indirect expenses can be allocated on the basis of Cost Allocation Approach.
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Answer by: Rambabu Senkarasetti |
Will be Allocated proportionately.
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Answer by: Rambabu Senkarasetti |
Will be Allocated proportionately.
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