https://www.taxtmi.com/acts?id=23546 Substitution of section 79 restricts the carry forward and set off of losses where a change in shareholding occurs: losses incurred prior to the previous year cannot be carried forward unless persons beneficially holding the majority of voting power on the last day of the previous year are the same as those who held the majority on the last day of the year(s) in which the loss was incurred. Special rules allow carry forward for eligible startups if original shareholders continue to hold voting shares within a limited incorporation period, with exceptions for death, gift to relatives, and certain foreign amalgamation or demerger scenarios. en-us Wed, 01 Feb 2017 17:48:47 +0530 Thu, 02 Feb 2017 16:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23546 Substitution of section 79 restricts the carry forward and set off of losses where a change in shareholding occurs: losses incurred prior to the previous year cannot be carried forward unless persons beneficially holding the majority of voting power on the last day of the previous year are the same as those who held the majority on the last day of the year(s) in which the loss was incurred. Special rules allow carry forward for eligible startups if original shareholders continue to hold voting shares within a limited incorporation period, with exceptions for death, gift to relatives, and certain foreign amalgamation or demerger scenarios. Act-Rules Bill Wed, 01 Feb 2017 17:48:47 +0530 https://www.taxtmi.com/acts?id=23546