for example....
CA ..Ram&Associates..
what is meaning of associates...is it like a firm..please explain.
5 Replies
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 14 January 2019
Associate company means a company in which another company has a significant influence, but which is not a subsidiary company of the company having such influence and includes a joint venture company.
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 14 January 2019
Even on individual level it means same
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 14 January 2019
May be they might be registered as firm so ITR 3 for business & profession
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