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of <h1>Corporate Demerger: Dividing Operations into Separate Entities with Tax Reliefs Under Income Tax Act, 1961</h1> Demerger is a corporate restructuring method where a company's operations are divided into separate entities, opposite to mergers or acquisitions. It can occur through spin-offs, where a subsidiary's shares are distributed to shareholders, or by transferring business to a new company. Demergers may be driven by business or regulatory reasons. The Companies Act, 1956 indirectly acknowledges demergers through various sections. Tax reliefs are provided under the Income Tax Act, 1961, including exemptions from capital gains tax and allowances for depreciation and other expenses. The process involves preparing a demerger scheme, obtaining tribunal approval, and ensuring compliance with tax provisions.
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