https://www.taxtmi.com/manuals?id=5251 In a demerger, accumulated losses and unabsorbed depreciation directly attributable to a transferred undertaking may be carried forward and set off by the resulting company. Amounts not directly attributable must be apportioned between the demerged company and resulting company in the proportion of assets retained and transferred, with each entity entitled to carry forward and set off its allocated amount. The Central Government may notify conditions to ensure genuine business-purpose demergers. The framework under section 116 of the Income Tax Act, 2025 corresponds to the earlier regime under section 72A of the Income Tax Act, 1961. en-us Thu, 19 Sep 2024 18:57:00 +0530 Thu, 16 Jul 2026 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5251 In a demerger, accumulated losses and unabsorbed depreciation directly attributable to a transferred undertaking may be carried forward and set off by the resulting company. Amounts not directly attributable must be apportioned between the demerged company and resulting company in the proportion of assets retained and transferred, with each entity entitled to carry forward and set off its allocated amount. The Central Government may notify conditions to ensure genuine business-purpose demergers. The framework under section 116 of the Income Tax Act, 2025 corresponds to the earlier regime under section 72A of the Income Tax Act, 1961. Manuals Income Tax Thu, 19 Sep 2024 18:57:00 +0530 https://www.taxtmi.com/manuals?id=5251