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malini (auditor)     18 December 2009

loan by subsidiary company to holding company

dear members

pls clarify the following

loan given by subsidiary company to holding company - implications in indian law and france law

regards

malini

 

 

 



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 1 Replies

Vineet

Vineet (Director)     18 December 2009

From Indian Income Tax Act perspective, such transactions attract provisions of deemed dividend. Entire loan limited to accumulated profits shall be treated as deemed dividend in the hands of holding company and taxed accordingly.

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