https://www.taxtmi.com/acts?id=41213 Clause 35 amends the proviso to section 79(1) to extend the period during which losses incurred in the post incorporation years by an eligible start up may be carried forward from seven years to ten years, subject to the condition that all shareholders who held shares carrying voting power when the loss was incurred continue to hold those shares on the last day of the previous year. The amendment is effective from 1 April 2023 and applies to assessment year 2023-2024 and thereafter. en-us Wed, 01 Feb 2023 15:51:55 +0530 Wed, 01 Feb 2023 15:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=41213 Clause 35 amends the proviso to section 79(1) to extend the period during which losses incurred in the post incorporation years by an eligible start up may be carried forward from seven years to ten years, subject to the condition that all shareholders who held shares carrying voting power when the loss was incurred continue to hold those shares on the last day of the previous year. The amendment is effective from 1 April 2023 and applies to assessment year 2023-2024 and thereafter. Act-Rules Bill Wed, 01 Feb 2023 15:51:55 +0530 https://www.taxtmi.com/acts?id=41213