VAT Tamilnadu
This query is : Open
19 November 2009
One properitor company registered under VAT is doing imports and wants to establish another company to do sales. The created co is not the branch and both its owners will be the same person. it is created only to segregates the transaction.My question is can the created company do sales with the same TIN no.of parent company?
20 November 2009
No, the company created for Sales business has to obtain seperate TIN No.
However, for the purpose of Income Tax the Income from both business will be clubbed.
Regards
However, for the purpose of Income Tax the Income from both business will be clubbed.
Regards
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