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BreakingEl Niño Threatens India's Economy with Potential Food Crisis, Economic Shock1/6
Topicin Business & Economy

Income Tax Act

Latest news, explainers and analysis on Income Tax Act. Tracking 1 stories on Arth Vani.

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Demerger28

Latest on Income Tax Act

Demerger Tax Benefits at Risk: Holding Company Share Issuance Rules Clarified
Business & Economy

Demerger Tax Benefits at Risk: Holding Company Share Issuance Rules Clarified

A recent Mumbai ITAT ruling states that if a holding company issues shares during a demerger, the tax benefits, like loss carry-forward, might be invalidated. For a demerger to be tax-neutral, the subsidiary receiving the business must issue shares directly to the shareholders of the holding company.

90d ago·1 min readListen
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