1. Explain what is a group relief loss under s44A of the Income Tax Act,1967?
2. How much loss can a claimant company claimed from a surrenderingcompany?
3. Under what circumstances a company cannot transfer its loss to another company?
4. HCo,alossCowithsharecapitalRM3macquired60%ofthe2.65millionshares in S Co (@RM1 per share), a profitable Co, on 1.1.2016. Subsequently, H Co bought 10% of it on 1.2.2017. Both companies have year-end 31^st Dec. What is the taximplication?
5. Jen Bhd (Jen) is a holding company which owns 70% of the paid up capital of LuckySdnBhd(Lucky).Thedetailsofbothcompaniesatfinancialyearend31^st December, 2017 are asfollows:-

	Jen (RM'000)	Lucky (RM'000)
Statutory Income: Business (profit/ (loss))	-	(2,400)
Statutory Income: Investment	3,600	800
Approved Donations	(300)	-

i. Explain four (4) different situations under which Jen and Lucky would qualify for group relieflosses?

ii. Based on the information above, compute the chargeable income of Jen and Lucky assuming that Lucky is allowed to surrender its adjusted loss to Jen to the maximum extent possible, in accordance with section 44A of the Income Tax Act1967.