10-02-2009, 04:11 PM
I think that the option of group taxation is being opted by some Group of Comp's but its a new concepts. But I have experienced that some group of comps due not adopting this option because some companies of some groups fall in the definition of Small Companies ( As defined in ITO). ITO does not specify what will happen if one company of a group fulfills the definition of Small company and other company is not a samll company.