Important Keywords: affiliate, relationship, ownership, e-commerce, regulatory authorities.
Table of Contents
Introduction:
It is a relationship between two or more companies, where one company owns or controls the other. The companies can be subsidiaries of a parent company. The degree of ownership determines whether a company is an or not.
Understanding Affiliate:
It is a company related to another company. This can be due to a minority stake or sister company relationship. In e-commerce, a company selling goods or services on a platform is said to be an affiliate of that platform. Reporting to regulatory authorities is required under various laws.
Key Points:
- It is a relationship between two or more companies
- Degree of ownership determines status
- It reports to regulatory authorities under various laws
- E-commerce companies have Its selling on their platform
Conclusion:
Its relationships are common in business and can carry business interests. E-commerce platforms have its selling on their platform. Reporting to regulatory authorities is required under various laws.
Official Income Tax Return filing website: https://www.incometax.gov.in/iec/foportal/
Official GST common portal website: https://www.gst.gov.in/
