Draft Income-tax Rule 60 permits carry forward of accumulated loss and unabsorbed depreciation in amalgamation only if 50% installed capacity is achieved and maintained, with mandatory Form 29 certification and scope for government relaxation.
The post Draft Income Tax Rule 60 – Conditions for Carry Forward and Set-Off of Accumulated Loss and Unabsorbed Depreciation in Amalgamation appeared first on TaxGuru.
