Query on TCS annual report

Yes, as per the standards it will be considered as an investment as the company even tho not getting any dividend from the company still be eligible to show it as investment

Which standard sir )

As per sec 129 of companies act, 2013 an investment in sec 8 company shall be shown as an application of money in the balance sheet and the holding company cannot be be shown as an investment however as per AS21 if the the holding company has an ownership in such company then the consolidation can be done if any sort of economic benefits are received by the holding company of such sec 8 company

So does TCS is getting any economic benefits from this investment??

Yes in the form of fulfillment of objectives set by it because no clear definition of economic benefits has been defined

Thanks sir