Merger of a Loss Making Company with a profit making compan
This query is : Resolved
Sandeep Rohatgi
(Querist)
09 August 2008
Sir ,
One of our group company is running in loss of 2Crores it is a private limited company , can we claim the said loss after merger of same with a profitable unit
One of our group company is running in loss of 2Crores it is a private limited company , can we claim the said loss after merger of same with a profitable unit
Sandeep Rohatgi
(Querist)
09 August 2008
please advise
09 August 2008
Yes u can claim the losses from the profit making unit after the merger with the same but subject to Provision of "Ch. of Set off, Carry forward and set off of losses".
Sandeep Rohatgi
(Querist)
09 August 2008
Sir
kindly you advise on which site can i get a detailed details regarding merger formalities
kindly you advise on which site can i get a detailed details regarding merger formalities
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