10-14-2009, 05:35 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Star</i>
<br />Dear,
Listing requirement is one which do not attract groups to opt group taxation because some ppl do not want to go on listing on stock exchange.
For a group, which can easily avail credit line with banks and banks are ready to give, listing is not attractive.
Futher, the period of utilization of subsidiary's loss is also not attractable for the groups. On other side, after opting group taxation, revenue collection become easy for tax authorities. I understand that some more attraction / sweatner should be added through tax reforms to encourage the groups to opt group taxation.
If the parent company is engaged in trading business, then, whether group taxation can be opted and allowed under tax laws??
hshamshi,
May be wording of my post, as u felt,rude but no such intention was there to make my own decision. I think to come on forum and share my problems and knowledge on this forum is evident that i respect the opinions of others too.
Anyway, such would be avoided in future, if you felt like.
Regards,
*
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
As per Section 59B, subsection 2B "a company within the group engaged in the business of trading shall not be entitled to avail group relief.
Regards,
<br />Dear,
Listing requirement is one which do not attract groups to opt group taxation because some ppl do not want to go on listing on stock exchange.
For a group, which can easily avail credit line with banks and banks are ready to give, listing is not attractive.
Futher, the period of utilization of subsidiary's loss is also not attractable for the groups. On other side, after opting group taxation, revenue collection become easy for tax authorities. I understand that some more attraction / sweatner should be added through tax reforms to encourage the groups to opt group taxation.
If the parent company is engaged in trading business, then, whether group taxation can be opted and allowed under tax laws??
hshamshi,
May be wording of my post, as u felt,rude but no such intention was there to make my own decision. I think to come on forum and share my problems and knowledge on this forum is evident that i respect the opinions of others too.
Anyway, such would be avoided in future, if you felt like.
Regards,
*
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear,
As per Section 59B, subsection 2B "a company within the group engaged in the business of trading shall not be entitled to avail group relief.
Regards,