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of <h1>Accumulated Losses in Business Reorganizations Can Only Be Carried Forward for Eight Years Starting April 2025 Under Section 72A(6B)</h1> Effective April 1, 2025, Section 72A(6B) limits the carry forward period for accumulated losses in amalgamations or business reorganizations. When predecessor entities (amalgamating companies, firms, proprietary concerns, private or unlisted public companies) transfer losses to successor entities (amalgamated companies, successor companies, or limited liability partnerships), these losses can only be carried forward for a maximum of eight assessment years from when the loss was first computed for the original predecessor entity. The term 'original predecessor entity' refers to the predecessor in the first amalgamation under Section 72A(1) or first business reorganization under Section 72A(6) or (6A).
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