Benifit of loss of existing co. to new/purchare co.

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CA Shailendra Agrawal (Querist)
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05 August 2011 Dear all,

please answer that if a private limited company is incurring heavy losses for last two years (since incorporation) and there is no hope of recovery in near future, how can it take the benefit of tax by selling/demerge/amalgamate/any other way itself with any other company.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 August 2011 It can get benefit by amalgamation or merger only.

Demerger is possible where something is right in respect of any of the units of the company.

By selling, you can realise the net worth
only which can not be said as a benefit.

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