Merger of 2 Private company

This query is : Resolved 

16 January 2010 Are two private company cover in defination of merger as per Income Tax ie can two private company merge.If yes, What will be implications on carry forward losses.

16 January 2010 Yes two private company are covered in defination of merger as per Income Tax.

Carry forward losses will be allowed to be carried forward for further 7 years from the year of merger


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