SISTER CONCERN COMPANY

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rajendra (Querist)
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26 September 2008 what is the meaning of SISTER CONCERN COMPANY under the income tax act?

what is the procedure for that?

S.Srinivasaraghavan (Expert)
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26 September 2008 Actually it is a loosely worded term to denote a subsidiary or a holding or associate concern. No definition in IT Act.

Taxguy (Expert)
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26 September 2008 It usually refers to a group company if common directors are involved in the business.

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