{"id":33320,"date":"2023-04-01T07:06:47","date_gmt":"2023-04-01T01:36:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&p=33320"},"modified":"2023-04-01T07:06:47","modified_gmt":"2023-04-01T01:36:47","slug":"carry-forward-of-losses-section-79","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/carry-forward-of-losses-section-79\/","title":{"rendered":"Carry forward of losses section 79"},"content":{"rendered":"

Background<\/u><\/p>\n

As on 01 April 2022, Company \u2018B\u2019 Private Ltd (\u2018Co. B\u2019) is a wholly owned subsidiary of Company \u2018A\u2019 Ltd (\u2018Co. A\u2019), which is a listed Company.\u00a0 On sale of shares of Co. B by Co. A, owing to application of Section 79 of the Act what will be the fate of brought forward losses amounting to INR 100.<\/p>\n

Scenarios<\/u><\/p>\n

    \n
  1. Co. B sell its entire shareholding in Co. A to a Listed Company<\/li>\n
  2. Co. B sell its entire shareholding in Co. A to a private limited Company which is a wholly owned subsidiary of the listed Company<\/li>\n
  3. Co. B sell its entire shareholding in Co. A to a private limited Company<\/li>\n<\/ol>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[139],"qa_category":[23],"qa_tag":[867],"class_list":["post-33320","qa","type-qa","status-publish","hentry","qa_expert-research-team","qa_category-income-tax","qa_tag-carry-forward-of-losses"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/33320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=33320"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=33320"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=33320"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=33320"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=33320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}