banner_ad

Sister concern losses

316 views 3 replies

Hi Friends,

Can one company losses be adjusted against profit of another company ? If both the companies are sister concern.

Kindly clarify.

Regards,

Swathi

Replies (3)

no ways yaar... sister com. loss cant b adjusted with each other..........

Even i was in the same opinion, but the director of sister concern company is asking again and agian to adjust their company profit with loss of another comapny to evade tax. 

Sister companies are separate cmpanies having separate legal identity, and there is no rule given where set off of losses allowed... so u cant do that dear


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details