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Sett off of Loss of a WOS

This query is : Resolved 
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(Querist)
12 December 2008 Can loss in a WOS in foreign land be sett off with profit in the Indian Holding company? Please advise
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Nilesh Shah

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Nilesh Shah (Expert)
12 December 2008 Nilesh Shah Writes:

The subsidiary and holding company are two seperate companies. Loss of one cannot be set off against the profits of other.

Sincerely,

Nilesh Shah
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