Franchise accounting
In a franchise agreement ,If the revenue drops into the account of the franchisor and is them transferred to the franchisee on the basis of the franchise agreement ,can it be disallowed as a expense for the franchisor.How should it be accounted.Will the amount transferred to the franchisee attract tds
Asked 7 years ago in Corporate Tax
Hello Sir,
I could not understand your transaction as to what exactly is happening there. Could you please explain the entire transaction in detail in order to assist you.
Trust this clarifies your query.
Feel free to call back/ get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP.
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