Klaus Vedfelt / Getty Images An associate company is a corporation in which a parent company has invested and possesses a significant but noncontrolling interest, a minority stake anywhere from 20 ...

By contrast, a limited liability company is a separate legal entity to you, with separate finances. Each option has its own advantages and disadvantages, and anyone starting out in business will need ...

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CIT revised the order u/s 263 to include the sum of Rs.1,75,32,600/- in the total income of the assessee under Sec.41(1) of the Income Tax Act on the ground that there had been a complete cessation of ...