https://www.taxtmi.com/manuals?id=5244 Specified amalgamations involving banking companies, corresponding new banks and Government companies engaged in general insurance permit the predecessor's accumulated non-speculative business loss and unabsorbed depreciation to be deemed those of the successor entity. The amalgamation must fall within the prescribed Government-sanctioned or strategic-disinvestment framework. The successor may apply the general set-off and carry-forward rules, but business losses under schemes effective on or after 1 April 2025 may be carried forward only up to eight tax years from their original computation for the predecessor entity. en-us Thu, 19 Sep 2024 16:30:00 +0530 Thu, 16 Jul 2026 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5244 Specified amalgamations involving banking companies, corresponding new banks and Government companies engaged in general insurance permit the predecessor's accumulated non-speculative business loss and unabsorbed depreciation to be deemed those of the successor entity. The amalgamation must fall within the prescribed Government-sanctioned or strategic-disinvestment framework. The successor may apply the general set-off and carry-forward rules, but business losses under schemes effective on or after 1 April 2025 may be carried forward only up to eight tax years from their original computation for the predecessor entity. Manuals Income Tax Thu, 19 Sep 2024 16:30:00 +0530 https://www.taxtmi.com/manuals?id=5244