Income tax benefits available or not
This query is : Resolved
Sandeep Rohatgi
(Querist)
04 November 2008
What are the provisions under which a company becomes subsidary of other company .
What are the Income tax provisions regarding Filing of Income tax return for that finanacial year . Is profit /loss has any impact on accounts of Holding company .
What are the Income tax provisions regarding Filing of Income tax return for that finanacial year . Is profit /loss has any impact on accounts of Holding company .
CA Bosu babu
(Expert)
04 November 2008
when a companies paid up cap acquired by another not less than 51% or having control over BOD will become holding company. for better understanding and cases pls refer AS 21.....
for IT purposes,
u wil file IT returns seperately.
for IT purposes,
u wil file IT returns seperately.
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