Dear All,
Kindly clarify how to attach the accounts of foreign subsidiary company with the hoilding company- i.e. whether in foreign currency or in indian currency. Holding company is Indian Company.
Views are solicited.
Meenu Jha
meenu (cs) (416 Points)
03 November 2009Dear All,
Kindly clarify how to attach the accounts of foreign subsidiary company with the hoilding company- i.e. whether in foreign currency or in indian currency. Holding company is Indian Company.
Views are solicited.
Meenu Jha
CS. Ashish Shah
(Service)
(175 Points)
Replied 05 February 2010
Dear Meenu,
You need to give your foreign subsidiary companies account in foreign currency. but why don't u go to Central govn. for taking exemption u/s 212(8) from attaching the annual report of the subsidiaries.
Regards,
Cs. Ashish Shah
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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