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SISTER CONCERN COMPANY (Corporate Law)

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This query is : Resolved


( Author )
26 September 2008

what is the meaning of SISTER CONCERN COMPANY under the income tax act?

what is the procedure for that?


S.Srinivasaraghavan

( Expert )
26 September 2008

Actually it is a loosely worded term to denote a subsidiary or a holding or associate concern. No definition in IT Act.


Taxguy

( Expert )
26 September 2008

It usually refers to a group company if common directors are involved in the business.


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