TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tax Losses Transferable: Banking and Government Entities Can Now Carry Forward Accumulated Losses for Eight Years During Mergers</h1> Legal provisions in the Income Tax Bill, 2025 address treatment of accumulated losses and unabsorbed depreciation during corporate amalgamations. The clause specifically applies to banking and government entities undergoing strategic disinvestment, allowing successor entities to transfer and utilize financial losses from predecessor entities. The provision enables tax attribute transfer with an eight-year carry-forward limitation, facilitating smoother corporate restructuring and mergers while providing clear guidelines for tax treatment in amalgamation scenarios.
TaxTMI 