i’m a commerce stream student preparing for CA foundations in india. can someone please explain how group taxation works in CPT? i’m having difficulty understanding when is a company said to be part of a group under tax laws.
dude group taxation is so confusing! basically look at shareholding and control– if one company controls the management and shareholders of the other, they are treated as a group for tax purposes.
50% shareholding is the basic threshold but even without that, if one company essentially controls the other, the income tax dept can treat them as a group under the “control and management” clause.
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