SISTER CONCERN COMPANY
This query is : Resolved
26 September 2008
what is the meaning of SISTER CONCERN COMPANY under the income tax act?
what is the procedure for that?
what is the procedure for that?
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.
26 September 2008
It usually refers to a group company if common directors are involved in the business.
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