Please Help: income tax
Posted Date : 24-May-2012 , 04:35:37 pm | Posted By CASANSAAR
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.
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.
Category : Income Tax | Answers : 4 | Comments : 0 | Hits : 140
Answers
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.
Answer By: CA Satuti Mahajan
The indirect expenses can be allocated on the basis of Cost Allocation Approach.
Answer By: Rambabu Senkarasetti
Will be Allocated proportionately.
Answer By: Rambabu Senkarasetti
Will be Allocated proportionately.
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