Amalgamations
| OUTCOMES OF TOPIC After studying this topic related to company formations, you should be able to: ✓ Understand what is meant by a “group of companies” as defined in section 1 of the Income Tax Act; ✓ Understand what is meant by a “group of companies” as defined in section 41 of the Income Tax Act; and ✓ Understand the consequences and impact of section 40CA of the Income Tax Act. |