Benifit of loss of existing co. to new/purchare co.
This query is : Open
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.
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.
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.
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- STCG on ETF gold & silver
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
