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Carry Forward & Set-Off of Losses

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(Querist)
21 September 2009 If a Indian company's shares holder(100% subsidiary) more then 51% shares to be transfer to any Individual what is Impact on Carry Forward & Set Off of Losses
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 September 2009 Question needs clarity. However u may refer section 79 of The Income tax act,1961 in www.incometaxindia.gov.in.

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