Sec 80ia applicability on conversion to pvt ltd company

Ashwin Toshniwal (Article Assistant) (61 Points)

11 December 2012  

Dear all,

I wanted to know the applicability of sec 80IA on conversion of a partnership firm into a Pvt Ltd company.

Also the mode of computation of Profits of gains for the year to claim 80IA benefit.

Whether PY losses can be carried forward to the Pvt Ltd Company?

Is it advisable in such a case to convert into a Pvt Ltd Company?

Thanks,

Ashwin Toshniwal