Taxplanning
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2016
X CO AND Y CO are in merger. X co is a loss making co with b/f loss of RS 20lakh and b/f dep of rs 50lakh.
Y CO is making profit to the extent rs 30lakh p.a
if u r a tax consulatnt from tax planning what is your opinion on following case
a)The scheme of merger
b)TAX benefit arising from merger in the present case???
pls help me urgently i need this ans
Y CO is making profit to the extent rs 30lakh p.a
if u r a tax consulatnt from tax planning what is your opinion on following case
a)The scheme of merger
b)TAX benefit arising from merger in the present case???
pls help me urgently i need this ans
02 June 2016
from tax angle : the brought forward losses will be available for set off for the resultant company after merger
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