What is the applicabilty of exemption u/s 10A for a company which was amalgamated with another company?
Very urgent please help me out.
Thanbks in advance...
1 Replies
Amir
(Learner)
(4016 Points)
Replied 24 December 2009
Deduction u/s 10A is available only in case of new undertakings..except the cases of reorganizations specified u/s 33 B..
And if after started claiming deduction u/s10A a company goes into amalgamation then the amalgamated company can claim deduction u/s 10A for the remaining period.
Hope the above will serve your purpose
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