Income tax benefits available or not

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Sandeep Rohatgi (Querist)
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04 November 2008 What are the provisions under which a company becomes subsidary of other company .

What are the Income tax provisions regarding Filing of Income tax return for that finanacial year . Is profit /loss has any impact on accounts of Holding company .

CA Bosu babu

CA Bosu babu (Expert)
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04 November 2008 when a companies paid up cap acquired by another not less than 51% or having control over BOD will become holding company. for better understanding and cases pls refer AS 21.....

for IT purposes,

u wil file IT returns seperately.