What is Tax Groups

Answer Posted / maaz ali

Tax consolidation, or combined reporting, is a regime adopted in the tax or revenue legislation of a number of countries which treats a group of wholly owned or majority-owned companies and other entities (such as trusts and partnerships) as a single entity for tax purposes.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the criteria for accounting job?

1434


Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

6593


Explain what is gaap?

613


what is addition of Opening Balance and net profit transfered from profit and loss account called

1528


Tell me what is the difference between accumulated depreciation and depreciation expense?

628






Do you possess any knowledge about accounting standards?

660


1.A Company with a net income of $ 7,650 in a year and has 3,000 outstanding shares. Calculate the Earning per Share (EPS).

1646


Q1.How depreciation deffer from depletion? Q2.show the main benefit from calculating and recording depreciation.

1462


what is difference among credit, loan, advance

1456


what are the limitations of accounting ratios?

618


can any accountant forward format of daily or monthly mis format for accounts and finance dept!!

1437


When you prepare Profit and loss A/C either you will get profit or loss but not both.Then why we are saying it as profit AND loss A/C,why cannot we say it is as Profit OR loss account?

1482


WHAT ARE THE MOST ELEMENTS OF YOUR JOB?

1494


How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??

4891


How to create a liability for Service Tax in SAP

2403