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.
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.
CAclubindia
