sister concern dealings
This query is : Resolved
02 July 2009
How to account the transaction related with sisterconern under income tax ?
02 July 2009
Dear Mr Rajesh,
There is no separate accounting rules to account sister concern transaction.
You can account the transaciton in normal way. It is only at market price ie as the outsider transaction. There is no under/over laping of profit.
There is no separate accounting rules to account sister concern transaction.
You can account the transaciton in normal way. It is only at market price ie as the outsider transaction. There is no under/over laping of profit.
02 July 2009
Agreed
02 July 2009
AGREED
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