set-off of loss u/s 78
This query is : Resolved
11 September 2008
dear sir
i have query regarding set-off of business loss by partnership firm in newly formed company in following case:
Whether firm can claim set-off of loss if all original partners have changed during year and further constitution of firm is changed to private limited by way of conversion under chapter IX of companies act, 1956?
i have query regarding set-off of business loss by partnership firm in newly formed company in following case:
Whether firm can claim set-off of loss if all original partners have changed during year and further constitution of firm is changed to private limited by way of conversion under chapter IX of companies act, 1956?
03 October 2008
Business reorganisation: In case of business reorganisation u/s47(xiii) or 47(xiv) the loss of the partneshipfirm or proprietary concern can be carried forward by the company on fulfillment of conditions mentioned u/s 72A(6).
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
- Tax on Deemed Capital Gain
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- IT returns for fresh job holders
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- 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
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
