TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 35DDA: Deductions for Business Reorganizations Now Transfer to Successor Companies in Amalgamations and Demergers.</h1> Section 35DDA of the Income-tax Act has been amended to address deductions related to business reorganizations. If an Indian company entitled to deductions undergoes amalgamation, the deductions apply to the amalgamated company as if no amalgamation occurred. Similarly, for demergers, the resulting company receives the same treatment. In cases where a firm or proprietary concern transitions to a company, the successor company inherits the deduction rights. However, no deductions are allowed for the amalgamating, demerged, or original entities for the year of transition, nor under any other provision of the Act.
TaxTMI 
TaxTMI 
