Hi Friends,
Can one company losses be adjusted against profit of another company ? If both the companies are sister concern.
Kindly clarify.
Regards,
Swathi
Swathi hebbar (CA Final) (257 Points)
18 September 2014Hi Friends,
Can one company losses be adjusted against profit of another company ? If both the companies are sister concern.
Kindly clarify.
Regards,
Swathi
Swathi hebbar
(CA Final)
(257 Points)
Replied 18 September 2014
Even i was in the same opinion, but the director of sister concern company is asking again and agian to adjust their company profit with loss of another comapny to evade tax.
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