Two enterprises will be said to be associated if one enterprise holds voting rights in other enterprise of at least —

CS Executive · Tax Laws and Practice · PYQS · December 2016
Two enterprises will be said to be associated if one enterprise holds voting rights in other enterprise of at least —
(A) 25%
(B) 51%
(C) 26%
(D) 30%.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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