Subsidiary company

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Neelesh Gupta (Querist)
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21 October 2015 Dear Experts,
We have a private limited company in India with a Parent company in USA (Incorporation) now the parent company which is in USA wants to make Indian Company as its subsidiary.

Kindly guide about the procedure and also how we need to follow the accounts as for Indian company the Financial Year is April to March whereas financial year for US Company is January to December.

I also want to know more about the taxation and accounting of subsidiary company in india and Parent company in USA.

Pratik Shah

Pratik Shah (Expert)
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21 October 2015 To be a subsidiary company, alteast 51% of this company should be held by holding company. Please ensure your USA parent company holds atleast 51% of Indian company.

Neelesh Gupta

Neelesh Gupta (Querist)
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23 October 2015 Dear Pratik,

Thank you for your reply, I also want to know more about the taxation and accounting of subsidiary company in india and Parent company in USA.

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