Please answer these questions

Application is to be made to Central Government. Provision is: A company or body corporate, which is a holding/ subsidiary/ associate company of a company incorporated outside India and is required to follow a different financial year for consolidation of its accounts outside India, the Central Government may, on an application made by that company or body corporate in such form and manner as may be prescribed, allow any period as its financial year, whether or not that period is a year.

Sahibdeep Singh

CA Inter

★ 14K+

30-Sep-21 17:06

Net worth = Total assets- outside liabilities = 14.3 lakhs- 8.3 lakhs = 6 lakhs Total debt = 8.3 lakhs. so debt to networth = 8.3/6 = 1.38

Lucky Sethi

CA Foundation

★ 20

30-Sep-21 13:06

Question is not about networth

Thread Starter

Remya Raveendran

CA Inter

★ 270

30-Sep-21 13:09

You can let us know your queries in these

Sahibdeep Singh

CA Inter

★ 14K+

30-Sep-21 13:57

What are the procedures required to follow different financial year for subsidiary of a foreign company in india

Thread Starter

Remya Raveendran

CA Inter

★ 270

30-Sep-21 14:15