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P sasikalap sasikala asked 11 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 11 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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