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Applicability of Income Tax on Sick Company

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(Querist)
16 December 2009 company xyz is a sick company in preceeding two financial years. In 2008-09, its net worth exceeds its accumulated losses. Will income tax and other provisions applicable for FY 2008-09 or from next year?
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KRISHNA KUMAR R C

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KRISHNA KUMAR R C (Expert)
17 December 2009 Income Tax act is applicable to all the Companies whether it is healty or sick.
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