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of <h1>Section 14 Amends Income-tax Act to Limit Loss Carry-Forward to Eight Years After Business Reorganizations</h1> Section 14 of Finance Act, 2025 amends Section 72A of Income-tax Act effective April 1, 2026. The amendment inserts sub-section (6B) limiting carry-forward of accumulated losses in cases of amalgamation or business reorganization occurring on or after April 1, 2025. Such losses transferred from predecessor entities (amalgamating companies, firms, proprietary concerns, or private/unlisted public companies) to successor entities (amalgamated companies, successor companies, or LLPs) can be carried forward for maximum eight assessment years from when the loss was first computed for the original predecessor entity. The amendment also inserts clause (ab) in sub-section (7) defining 'original predecessor entity.'
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