Company A Ltd megers with B Ltd forming B Ltd. Can the benefit of losses of A Ltd be carried forward as per MAT i.e. section 115JB?
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Sir please guide what is mat in income tax and how to compute book profit in mat
Where a company merges with another under the scheme of amalgamation, the past loss of the amalgamating company can be carried forward by the new company.
and MAT of succesor company shall be computed as per the provisions of section 115JB
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