07-08-2011, 07:19 PM
As per my understanding, if a group of company opt group taxation under section 59AA, then group income tax return will be based on consolidated financial statements of that group.
I want to know whether or not, after opting group taxation, unadjusted losses can be carry forwarded to six years from the date of opting group taxation.
Please comment.
Regards,
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I want to know whether or not, after opting group taxation, unadjusted losses can be carry forwarded to six years from the date of opting group taxation.
Please comment.
Regards,
*