Hi Friends,
Can one company losses be adjusted against profit of another company ? If both the companies are sister concern.
Kindly clarify.
Regards,
Swathi
3 Replies
Swathi hebbar
(CA Final)
(257 Points)
Replied 18 September 2014
Even i was in the same opinion, but the director of sister concern company is asking again and agian to adjust their company profit with loss of another comapny to evade tax.
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