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P sasikalap sasikala asked 8 months ago

If a subsidiary becomes material subsidiary based on its income, then if in the next year if income is less than 20% of consolidated income, then also will it be considered as material subsidiary?

1 Answers
RaviRavi Staff answered 7 months ago

For material subsidiary we have to check status every year as per previous year accounting data. so status can change from year to year.

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