Taxation · Income Tax
A subsidiary company can carry forward its losses for Income Tax purposes primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Its minority shareholders require legal protection
- 2It can make its own financial arrangements
- 3It prepares its own individual accounts
- 4It possesses its own separate legal entity✓
Correct answer
It possesses its own separate legal entity
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