Sister concern
This query is : Resolved
24 January 2009
What is the meaning of Sister concern under IT Act & Companies Act, Please give me detail.
27 January 2009
THEIR IS NO ANY DEFINATION GIVEN IN COMPANIES ACT AND INCOME TAX ACT OF SISTER CONCERN.
HOWEVER THE DEFINATION OF RELATED PARTIES AND SPECIFIED PERSONS ARE GIVEN IN THE STATUE.
FOR RELATED PARTY PLEASE REFER SEC. 295/296/299/297/300 OF CO. ACT AND AS-18.
FOR SPECIFIED PERSONS PLEASE REFER SEC 40A 2(b) OF INCOME TAX ACT.
HOWEVER THE DEFINATION OF RELATED PARTIES AND SPECIFIED PERSONS ARE GIVEN IN THE STATUE.
FOR RELATED PARTY PLEASE REFER SEC. 295/296/299/297/300 OF CO. ACT AND AS-18.
FOR SPECIFIED PERSONS PLEASE REFER SEC 40A 2(b) OF INCOME TAX ACT.
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