https://www.taxtmi.com/acts?id=36798 Substitution of section 79 restricts carry forward and set off of losses where a change in shareholding has occurred during the previous year: losses incurred in years prior are disallowed unless the persons who beneficially held shares carrying not less than fifty-one per cent. of voting power on the loss year end continue to hold that voting power on the last day of the previous year. An eligible startup is exempt if original voting shareholders continue to hold shares and the loss arose within seven years of incorporation. Several specific exceptions and definitions are provided. en-us Fri, 05 Jul 2019 15:42:23 +0530 Fri, 05 Jul 2019 15:42:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36798 Substitution of section 79 restricts carry forward and set off of losses where a change in shareholding has occurred during the previous year: losses incurred in years prior are disallowed unless the persons who beneficially held shares carrying not less than fifty-one per cent. of voting power on the loss year end continue to hold that voting power on the last day of the previous year. An eligible startup is exempt if original voting shareholders continue to hold shares and the loss arose within seven years of incorporation. Several specific exceptions and definitions are provided. Act-Rules Bill Fri, 05 Jul 2019 15:42:23 +0530 https://www.taxtmi.com/acts?id=36798