Query on TCS annual report

TCS has disclose the share of its section 8 subsidiary TCS foundation under investment
my question is whether investment in section 8 company considered as investment.?
Replies (6)
Quick Summary
This discussion clarifies whether an investment in a Section 8 subsidiary, like the TCS Foundation, is considered a standard investment. While Section 129 of the Companies Act, 2013, treats it as an application of money rather than a typical investment, AS 21 allows for consolidation if economic benefits are received. The consensus is that fulfilling the subsidiary's objectives can be considered an economic benefit for the parent company.

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
Featured 04 August 2026
Chartered Accountant

KayOne Consulting

Chennai

CA

View Details
Company
21 July 2026
Chartered Accountant

Keshri & Associates

Thiruvananthapuram

CA

View Details
Company
ARTICLESHIP 16 July 2026
CA Article

Pipara & Co. LLP.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 23 July 2026
Article

Gianender & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 28 July 2026
Article/Intern/Semi-Qualified/Fresher B.Com

VNSS & Co

Mumbai

Others

View Details
Company
31 July 2026
Senior Accountant - Bunia, Democratic Republic of Congo

AD GLOBAL LTD

Mumbai

B.Com

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Follow