Compliances for a Subsidiary Company in India

In this article, we shall take you through all the Subsidiary Compliances applicable to a Company in India, at different points of time during the year.

A foreign subsidiary is any company where 50% or more of its share capital is owned by a company that is incorporated in another foreign nation. The said foreign company is called the holding company or the parent company.

Compliances are based on many aspects such as the type of company that is incorporated, the industry of operations, annual turnover, number of employees and so on. For a foreign subsidiary, the following compliances are usually essential:

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INTERIM BUDGET 2024-25

In India, Budget Day is an eagerly anticipated event, with businesses and the public keenly awaiting announcements of schemes and initiatives that could impact them. However, this year, due to the upcoming elections, Budget 2024 has been replaced with an Interim Budget. Nevertheless, the public’s expectations were met as the honourable Union Finance Minister, Smt. Nirmala Sitharaman, presented her sixth consecutive budget, ensuring continuity in plans and benefits.

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Cost Inflation Index in India: A Comprehensive Guide

Cost Inflation Index (CII) is a crucial financial tool in India that plays a significant role in determining the inflation-adjusted capital gains on the sale of various assets. Introduced by the Income Tax Department, the CII helps investors and taxpayers account for the impact of inflation when calculating gains on the transfer of capital assets. This article aims to provide a comprehensive guide to the Cost Inflation Index in India.

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