02 June 2016
X CO AND Y CO are in merger. X co is a loss making co with b/f loss of RS 20lakh and b/f dep of rs 50lakh. Y CO is making profit to the extent rs 30lakh p.a if u r a tax consulatnt from tax planning what is your opinion on following case a)The scheme of merger b)TAX benefit arising from merger in the present case???
CAclubindia
