Sett off of Loss of a WOS
This query is : Resolved
12 December 2008
Can loss in a WOS in foreign land be sett off with profit in the Indian Holding company? Please advise
12 December 2008
Nilesh Shah Writes:
The subsidiary and holding company are two seperate companies. Loss of one cannot be set off against the profits of other.
Sincerely,
Nilesh Shah
The subsidiary and holding company are two seperate companies. Loss of one cannot be set off against the profits of other.
Sincerely,
Nilesh Shah
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