Dear all,
I wanted to know the applicability of sec 80IA on conversion of a partnership firm into a Pvt Ltd company.
Also the mode of computation of Profits of gains for the year to claim 80IA benefit.
Whether PY losses can be carried forward to the Pvt Ltd Company?
Is it advisable in such a case to convert into a Pvt Ltd Company?
Thanks,
Ashwin Toshniwal
This is any quary dear.why not u read provision and then make any question.
I did read the provision and am unclear on certain points-
1. Whether PY losses can be carried forward by the resulting company?
2. 80 IA benefit will be available to the resulting company for the unexpired period?
CAclubindia
