Loss availment in case of take over
This query is : Resolved
09 June 2023
A private limited company had decided to take over an llp which have huge amount of carry forwarded losses. In this case, is the private limited company can avail the loss of llp
10 June 2023
No, it's not allowed.
You may Refer Section 79. According to the Section if 51% of the shareholders are not the same, carry forward of losses will not be allowed.
You may Refer Section 79. According to the Section if 51% of the shareholders are not the same, carry forward of losses will not be allowed.
10 June 2023
Is this case the private limited have 51% stake in LLP
10 June 2023
LLP merger with company is not allowed. In case of merger only carry forward of loss of LLP allowed.
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
