Second-tier subsidiary

Tax Glossary Definition

Second-tier subsidiary

A second-tier subsidiary refers to a company that is indirectly controlled by a parent organization through another intermediate subsidiary. In this structure, the ultimate parent company exercises control over the second-tier subsidiary via its ownership of the first-tier subsidiary, which in turn holds a controlling interest in the lower-tier entity.

Example: If Company A owns Company B, and Company B owns Company C, then Company C is considered a second-tier subsidiary of Company A, as the control flows indirectly through Company B.

India's Most Trusted
Pro Tax Filer

Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.

  • We ensure maximum tax benefits.

  • Taxes? Handled by our CAs and experts.

  • Reliable, year-round tax support at no cost.

  • Satisfaction or your money back came twice.

Start Filing

Scan the QR code to Download the app

Mobile App Available on:

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App

Have Questions? Let’s Talk!

Chat With Us

Scan to chat

Scan QR Code

OR
Start Chat
Mobile Apps Available On
This feature is available on our mobile app. Get the app now to access this feature!

DOWNLOAD For IPHONE

TaxFilr App

DOWNLOAD For Android

TaxFilr App