Related Party Transactions
This query is : Resolved
Ashish Aggarwal
(Querist)
09 April 2009
During the year a company has become subsidiary from JV. As on March it is subsidiary
How should the transactions be recognised as per related party.
Whether it should be shown partly in JV and partly in subsidiary or fully in subsidiary.
How should the transactions be recognised as per related party.
Whether it should be shown partly in JV and partly in subsidiary or fully in subsidiary.
CA. B.SRINIVASULU
(Expert)
09 April 2009
Upto the date of conversion into subsidiary it should be shown under JV.
And after it became subsidiary it should be shown under subsidiary.
And after it became subsidiary it should be shown under subsidiary.
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