Income Tax Act (Cap. 123), article 22A

22A. The Minister for finance may make rules providing for bodies of persons under common ownership to be entitled to elec t to compute and bring to charge th eir chargeable income or losse s as the case may be, on a collective basis, and for the consequent carrying out of the relevant provisions and obligations under t he Income Tax Acts as if they are a single body of persons, subjec t to such terms and conditions as m ay be laid down in such rules. Elective Tax. Added by: IX.2025.14.