FACTS:
1) our company is doing software job work/ sales to USA Firm.
2)Yes One of the our director is also a director/Partner/Proprietor in USA Firm.
3)Having the 50% Share holding in India Company.
4)The USA Firm (director/Partner/Proprietor) mother also a director and having the 50% of the share holder in India Company.
5) Company Authorised Capital of Rs. 2,00,000/- and Paid up Capital of Rs. 1,00,000/-
Qurries:
In the above facts whether our company is associated enterprises or not?
As our Turn over is below 1crore whether report u/s 92E is required or not?