https://www.taxtmi.com/acts?id=37024 Carry forward and set off of losses in closely held companies is conditioned on continuity of majority voting power: losses from years prior to the previous year cannot be carried forward unless the persons holding a majority of voting power on the last day of the previous year are the same as those who held a majority when the loss was incurred; an eligible startup exception permits carry forward of losses incurred within seven years if original shareholders continue to hold their voting shares. en-us Wed, 24 Jul 2019 16:25:42 +0530 Wed, 24 Jul 2019 16:25:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=37024 Carry forward and set off of losses in closely held companies is conditioned on continuity of majority voting power: losses from years prior to the previous year cannot be carried forward unless the persons holding a majority of voting power on the last day of the previous year are the same as those who held a majority when the loss was incurred; an eligible startup exception permits carry forward of losses incurred within seven years if original shareholders continue to hold their voting shares. Act-Rules F. Acts / Amendment Acts Wed, 24 Jul 2019 16:25:42 +0530 https://www.taxtmi.com/acts?id=37024