What will be the scenario of unutilized tax losses if tax group ceases to exist?
Upon termination of the tax group, all the loss of the tax group shall remain with the parent company and it can offset its future taxable income against such accumulated tax losses. In case if such parent company ceases to be a taxable person, such unutilized losses shall lapse. Also, the unutilized pre grouping tax loss of the individual subsidiary can be carried forward by the individual subsidiary.