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Merger of a Loss Making Company with a profit making compan

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(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
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Sandeep Rohatgi

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Sandeep Rohatgi (Querist)
09 August 2008 please advise
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CA Prashant Shrivastava

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CA Prashant Shrivastava (Expert)
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".
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Sandeep Rohatgi

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Sandeep Rohatgi (Querist)
09 August 2008 Sir

kindly you advise on which site can i get a detailed details regarding merger formalities
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