sister contion

laxman suthar (Asst. Manager Taxtation ) (329 Points)

03 July 2009

tell me about sister contion transation

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RAJU (LEARNER) (1089 Points)
Replied 03 July 2009

Hi,

I think it is sister concern. An entity is said to be sistern concern of one entity where management of both the entities are same.

laxman suthar (Asst. Manager Taxtation ) (329 Points)
Replied 03 July 2009

if father transfer any assets to his son business for consideration it is sister contion transtion or not

RAJU (LEARNER) (1089 Points)
Replied 03 July 2009

The nomenclature Sister concern is used informally. As per my understanding, it is not referred/defined in any law.

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