Impact of Accumulated losses as per IT in case of Amalgamation

Dhruv Jain (Practicioner) (200 Points)

31 October 2022  

The amalgamation of company is done in 2021 and since there were losses c/f in the amalgamating companies we are liable to c/f the losses in the amalgamated company u/s 72A of the incometax act.

My query is with the filing of ITR. How shall we show the losses in the ITR of the amalgamating company.