As-18

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Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2012 Plz clarify as per AS-18

A is ultimate holding company
B is 100% subsidiary of A.
C & D is also(100%)each subsidiay of B.
C holds 80% in E.&
D holds 17% in E.
My question is as the point of view of E----What is the relationship / classification of D & B .

A
|---100%
B---( B holds 100% each in C & D)
| |
C D--(C holds 80% in E & D holds 17% In E)
| |
E

Plz clarify point of view of E-----
----What relation is called D.
----What relation is called B.
Thanks

imran

imran (Querist)
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01 June 2012 Whether dividend received by member of co operative bank from co operative bank is exempted from income tax?

Sanjay Chauhan (IFRS)

Sanjay Chauhan (IFRS) (Expert)
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01 June 2012 B is Intermediate Holding Company
D is not a Related Party under AS 18 based on the current holding. D is just an inventor.

Sanjay Chauhan (IFRS)

Sanjay Chauhan (IFRS) (Expert)
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01 June 2012 Sorry, ignore my earlier reply. I missed holding company of D.

B is Intermediate Holding Company
D is fellow subsidiary since it is a subsidiary of E's ultimate holdingCompany.
This will be true even is D does not hold any % in E.