Can Indian parent companies claim expense deduction u/s 37(1) for investments in subsidiaries written off due to losses suffered by the subsidiaries?
March 2 2023
Open Access Video
This video discusses a crucial Indian tax issue: can an Indian parent company claim expense deduction under Sec. 37(1) of the Income Tax Act, 1961 in respect of the investments in subsidiaries - either within India or outside India - if the parent company has written off those investments due to the losses suffered by the subsidiaries?
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