Subsidiary company control over majority share capital determines income tax classification and eligibility for related benefits. A subsidiary company is one in which the holding company exercises or controls more than one-half of the total share capital, either alone or together with one or more of its subsidiary companies, for purposes of the income-tax provision defining corporate group relationships.
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Subsidiary company control over majority share capital determines income tax classification and eligibility for related benefits.
A subsidiary company is one in which the holding company exercises or controls more than one-half of the total share capital, either alone or together with one or more of its subsidiary companies, for purposes of the income-tax provision defining corporate group relationships.
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