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Consolidated itr

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Querist : Anonymous

Querist : Anonymous (Querist)

24 November 2014 Hi, In case of a company having subsidiary with different pan, should the company file ITR on consolidated basis or on standalone basis..? Kindly provide any provision details etc in this regard

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 November 2014 Income tax need to file only standalone basis. no concept of consolidation there

Querist : Anonymous

Querist : Anonymous (Querist)

25 November 2014 Thanks for the reply. Is the same mentioned anywhere like in any section, circular etc which can be very useful.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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26 November 2014 Income tax is the PAN based. PAN can be taken one entity and cannot take as consolidate entities. so my reply itself justifies that not required consolidated ITR.

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