Dear all
Will it be objectionable by Income Tax department if two company with same member conduct business upon them.
Here type of business means:
1. Placing a part of one company's order to another company.
2. Placing a order to another company for one's own project.
3. Technology transfer in terms of money from one company to another company.
Please provide solution
Thanks
see, if two co.s have exacly same member...then a.o. is well within the rights to lift the corporate veil. and nullify the distinction between members and co. and treat both co. as same.
Dear All,
I want to know that Co. A and Co. B is operated by two sisters and now they want to transfer Co. A business to Co. B because all the expenses of both the companies are getting double, Income Tax return is filing in both the companies, management expenses are also double...so what is the procedure and which type of agreement will be made by them ??
please hlp me. :(((((
close one company and start the operation of that company in the remaining company,
CAclubindia
