This query is : Resolved 

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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