subsidiary company loss

This query is : Resolved

SUMIT MISHRA ACA, ACMA (Querist)
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31 August 2010 1. wheather subsidiary/foreign susidiary company loss need to be shown in its holding company p&l

2. profit/loss in put/call option transaction whether consider capital gain or business profit

CA Amit Joshi

CA Amit Joshi (Expert)
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31 August 2010 1. The profit/loss of subsidiary are shown in consolidated P&L/BS.

2.Profit/Loss on put& call is treated as Capital Gain or Business profits depends on the nature of the business.

SUMIT MISHRA ACA, ACMA

SUMIT MISHRA ACA, ACMA (Querist)
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31 August 2010 what in case of pvt ltd as company not liable for consolidation
they dont prepare consolidated then?

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