https://www.taxtmi.com/acts?id=49114 Carry forward and set off rules deem accumulated loss and unabsorbed depreciation of a predecessor entity to be those of the successor in specified amalgamations, demergers and business reorganisations, subject to caps for erstwhile public sector companies, continuity and asset value retention conditions to ensure genuine revival, apportionment rules for demergers, deeming for firm-to-company and company-to-LLP successions, and consequences treating disallowed set offs as income on non compliance; definitions and transitional carry forward limits for post specified date reorganisations are provided. en-us Fri, 14 Feb 2025 16:55:25 +0530 Thu, 20 Feb 2025 12:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49114 Carry forward and set off rules deem accumulated loss and unabsorbed depreciation of a predecessor entity to be those of the successor in specified amalgamations, demergers and business reorganisations, subject to caps for erstwhile public sector companies, continuity and asset value retention conditions to ensure genuine revival, apportionment rules for demergers, deeming for firm-to-company and company-to-LLP successions, and consequences treating disallowed set offs as income on non compliance; definitions and transitional carry forward limits for post specified date reorganisations are provided. Act-Rules Bills Fri, 14 Feb 2025 16:55:25 +0530 https://www.taxtmi.com/acts?id=49114