The Indian tax regime offers several concessions for mergers and amalgamations.
One of the key concessions is the transfer of unabsorbed losses and unabsorbed depreciation in amalagamations.
Titus & Co
Section 72 A of the Income Tax Act, 1961, provides that whenever there is an amalgamation, the amalgamated company will be allowed to carry forward and set off accumulated losses and unabsorbed depreciation of the amalgamating company, subject to various conditions prescribed under the act.
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Titus & Co Advocates is a full service law firm based in New Delhi. The firm can be reached at titus@titus-india.com.
Titus & Co
Titus House
R-77A Greater Kailash-I
New Delhi – 110 048
India
Tel: +91 11 2647 5800, 2647 0700, 2628 0100
Fax: +91 11 2648 0300, 2648 9950
Email: titus@titus-india.com; titusco@vsnl.com
