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Accountancy Forum The Profession Tax v
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Why Group Taxation is not famous in Pakistan

 
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Why Group Taxation is not famous in Pakistan
faisal_desperado
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#12
10-20-2009, 02:22 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 />Ok.

If the parent company is not engaged in trading, one of the subdidiaries is engaged in trading. Can that parent company opt group taxation without the subsidaiary enagaged in trading?

Regards,

*
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">


Dear,
Exhibit the last post again, i.e."As per Section 59B, subsection 2B "<b>a company within the group</b> engaged in the business of trading shall not be entitled to avail group relief".

In case, any of the subsidiaries in engaged in the business of trading, the said option shall not be available to that subsidiary, however, it (subsidiary, not opting for) shall have to file his retrun, on the other hand, holding company forthwith subsidiaries, other than subsidiary who has not opted for, will be taxed as one fiscal unit.


Regards,
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Messages In This Thread
Why Group Taxation is not famous in Pakistan - by Star - 10-01-2009, 09:25 PM
[No subject] - by awaisaftab - 10-02-2009, 04:11 PM
[No subject] - by faisal_desperado - 10-03-2009, 05:17 AM
[No subject] - by hshamsi - 10-05-2009, 03:38 PM
[No subject] - by Star - 10-05-2009, 06:10 PM
[No subject] - by hshamsi - 10-06-2009, 03:01 PM
[No subject] - by faisal_desperado - 10-08-2009, 03:55 AM
[No subject] - by hshamsi - 10-08-2009, 06:57 PM
[No subject] - by Star - 10-08-2009, 08:32 PM
[No subject] - by faisal_desperado - 10-14-2009, 05:35 PM
[No subject] - by Star - 10-15-2009, 03:25 PM
[No subject] - by faisal_desperado - 10-20-2009, 02:22 PM
[No subject] - by sirajmaari - 02-18-2010, 04:11 PM
[No subject] - by faisal_desperado - 02-25-2010, 06:00 PM
[No subject] - by Major - 09-15-2010, 05:30 PM
[No subject] - by faisal_desperado - 09-16-2010, 07:15 PM
[No subject] - by Star - 07-08-2011, 07:19 PM
[No subject] - by Star - 07-09-2011, 09:03 PM
[No subject] - by student_of_law - 07-09-2011, 10:19 PM
[No subject] - by Star - 07-14-2011, 02:30 PM
[No subject] - by Star - 07-15-2011, 10:54 PM

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