what to do if there is unutilized business loss from PYs, at the time of addition of new share holders in private limited.
and in the current year there is depreciation loss too.
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Business loss carry forward in case of addition of members in PVT Ltd
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Summary: Under Section 79 of the Income Tax Act, you generally cannot carry forward business losses if there is a change in ownership such that the original shareholders (holding 51% voting power) no longer hold that stake. However, this restriction typically does not apply to unabsorbed depreciation, which remains available for carry forward.
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